Invesco QQQ (NASDAQ:QQQ) is Silver Oak Securities Incorporated’s 5th Largest Position

Silver Oak Securities Incorporated raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 48.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,807 shares of the exchange traded fund’s stock after purchasing an additional 10,656 shares during the period. Invesco QQQ accounts for about 1.7% of Silver Oak Securities Incorporated’s holdings, making the stock its 5th biggest position. Silver Oak Securities Incorporated’s holdings in Invesco QQQ were worth $15,948,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of QQQ. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ in the first quarter worth about $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ in the second quarter valued at approximately $30,000. Chelsea Counsel Co. bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $40,000. CGC Financial Services LLC boosted its position in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted its position in shares of Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $492.32 on Friday. The firm has a 50 day moving average of $479.75 and a 200-day moving average of $466.12. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Cuts Dividend

The company 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%.

Invesco QQQ Company 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.