Aspect Partners LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Aspect Partners LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 8.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,934 shares of the exchange traded fund’s stock after buying an additional 143 shares during the quarter. Invesco QQQ makes up about 0.5% of Aspect Partners LLC’s portfolio, making the stock its 27th largest position. Aspect Partners LLC’s holdings in Invesco QQQ were worth $944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the first quarter worth $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ in the 2nd quarter valued at about $30,000. Deane Retirement Strategies Inc. purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at about $29,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $40,000. Finally, CGC Financial Services LLC grew its holdings in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 1.4 %

Shares of QQQ stock traded down $7.11 during trading on Tuesday, hitting $490.39. The company had a trading volume of 23,402,246 shares, compared to its average volume of 39,165,098. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The stock’s 50-day moving average is $473.79 and its two-hundred day moving average is $463.77.

Invesco QQQ Cuts Dividend

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

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.