29,154 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Mattern Wealth Management LLC

Mattern Wealth Management LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,154 shares of the exchange traded fund’s stock, valued at approximately $14,229,000. Invesco QQQ makes up about 3.1% of Mattern Wealth Management LLC’s holdings, making the stock its 9th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Sky Investment Group LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $248,000. Surience Private Wealth LLC grew its stake in shares of Invesco QQQ by 132.7% during the 3rd quarter. Surience Private Wealth LLC now owns 25,711 shares of the exchange traded fund’s stock worth $12,549,000 after acquiring an additional 14,660 shares during the period. Home Federal Bank of Tennessee grew its stake in shares of Invesco QQQ by 7.7% during the 3rd quarter. Home Federal Bank of Tennessee now owns 5,051 shares of the exchange traded fund’s stock worth $2,465,000 after acquiring an additional 361 shares during the period. Calton & Associates Inc. grew its stake in shares of Invesco QQQ by 14.9% during the 3rd quarter. Calton & Associates Inc. now owns 28,895 shares of the exchange traded fund’s stock worth $14,103,000 after acquiring an additional 3,752 shares during the period. Finally, Oakworth Capital Inc. boosted its stake in Invesco QQQ by 90.2% in the 3rd quarter. Oakworth Capital Inc. now owns 3,090 shares of the exchange traded fund’s stock worth $1,508,000 after purchasing an additional 1,465 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded down $0.91 on Tuesday, hitting $494.51. The company’s stock had a trading volume of 11,025,026 shares, compared to its average volume of 38,833,828. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The company has a 50-day simple moving average of $478.57 and a 200 day simple moving average of $465.57.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.