Walker Financial Services Inc. Has $2.39 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Walker Financial Services Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,901 shares of the exchange traded fund’s stock after buying an additional 166 shares during the quarter. Invesco QQQ comprises approximately 1.6% of Walker Financial Services Inc.’s investment portfolio, making the stock its 11th largest holding. Walker Financial Services Inc.’s holdings in Invesco QQQ were worth $2,392,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Optimist Retirement Group LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $2,765,000. Aspect Partners LLC acquired a new position in Invesco QQQ during the fourth quarter worth $302,000. SageView Advisory Group LLC acquired a new position in Invesco QQQ during the fourth quarter worth $10,791,000. Madison Wealth Partners Inc grew its holdings in shares of Invesco QQQ by 6.5% during the fourth quarter. Madison Wealth Partners Inc now owns 13,649 shares of the exchange traded fund’s stock valued at $5,590,000 after buying an additional 830 shares during the last quarter. Finally, FIL Ltd increased its position in shares of Invesco QQQ by 32.3% during the fourth quarter. FIL Ltd now owns 587,749 shares of the exchange traded fund’s stock worth $240,695,000 after acquiring an additional 143,617 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

Shares of NASDAQ:QQQ opened at $493.36 on Friday. The business’s 50 day moving average is $472.55 and its 200 day moving average 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 company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date of this dividend is 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.