Regent Peak Wealth Advisors LLC Buys 404 Shares of Invesco QQQ (NASDAQ:QQQ)

Regent Peak Wealth Advisors LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 14.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,125 shares of the exchange traded fund’s stock after purchasing an additional 404 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Invesco QQQ were worth $1,525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Assets Advisory LLC bought a new position in shares of Invesco QQQ in the 1st quarter worth about $1,580,776,000. Steel Grove Capital Advisors LLC grew its holdings in Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after purchasing an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC increased its stake in shares of Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Finally, Harvard Management Co. Inc. purchased a new position in shares of Invesco QQQ during the first quarter valued at approximately $304,591,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $490.91 on Thursday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The stock’s 50 day moving average is $475.94 and its 200 day moving average is $464.29.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.