Invesco QQQ (NASDAQ:QQQ) Stock Position Raised by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,292 shares of the exchange traded fund’s stock after acquiring an additional 83 shares during the quarter. Invesco QQQ accounts for 0.9% of Arthur M. Cohen & Associates LLC’s portfolio, making the stock its 21st largest holding. Arthur M. Cohen & Associates LLC’s holdings in Invesco QQQ were worth $4,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of QQQ. WFA Asset Management Corp boosted its position in shares of Invesco QQQ by 70.6% in the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after buying an additional 1,894 shares during the period. PBCay One RSC Ltd boosted its position in shares of Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after buying an additional 22,000 shares during the period. Commerce Bank boosted its position in shares of Invesco QQQ by 3.2% in the first quarter. Commerce Bank now owns 40,492 shares of the exchange traded fund’s stock worth $17,979,000 after buying an additional 1,239 shares during the period. Chevy Chase Trust Holdings LLC boosted its position in shares of Invesco QQQ by 10.5% in the first quarter. Chevy Chase Trust Holdings LLC now owns 5,483 shares of the exchange traded fund’s stock worth $2,435,000 after buying an additional 519 shares during the period. Finally, Catalina Capital Group LLC boosted its position in shares of Invesco QQQ by 45.9% in the first quarter. Catalina Capital Group LLC now owns 2,627 shares of the exchange traded fund’s stock worth $1,166,000 after buying an additional 827 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.6 %

Shares of NASDAQ:QQQ opened at $488.91 on Tuesday. Invesco QQQ has a 1 year low of $366.91 and a 1 year high of $503.52. The business has a fifty day simple moving average of $482.01 and a 200 day simple moving average of $469.55.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend 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.