Invesco QQQ (NASDAQ:QQQ) Shares Bought by LongView Wealth Management

LongView Wealth Management grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,497 shares of the exchange traded fund’s stock after purchasing an additional 336 shares during the period. Invesco QQQ makes up about 1.6% of LongView Wealth Management’s holdings, making the stock its 15th largest holding. LongView Wealth Management’s holdings in Invesco QQQ were worth $5,123,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ in the first quarter valued at $29,000. Mechanics Financial Corp purchased a new position in Invesco QQQ in the second quarter valued at $30,000. Voisard Asset Management Group Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at $35,000. Finally, Chelsea Counsel Co. purchased a new position in Invesco QQQ in the first quarter valued at $40,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $493.36 on Friday. The business’s fifty day moving average price is $472.55 and its 200 day moving average price is $463.13. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Cuts Dividend

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

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.