Perigon Wealth Management LLC Has $83.17 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Perigon Wealth Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,405 shares of the exchange traded fund’s stock after buying an additional 1,588 shares during the quarter. Invesco QQQ makes up approximately 2.2% of Perigon Wealth Management LLC’s portfolio, making the stock its 4th largest holding. Perigon Wealth Management LLC’s holdings in Invesco QQQ were worth $83,170,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in QQQ. Atwater Malick LLC purchased a new stake in shares of Invesco QQQ in the first quarter worth about $293,000. Westwood Holdings Group Inc. lifted its holdings in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares in the last quarter. GenWealth Group Inc. lifted its holdings in shares of Invesco QQQ by 5.8% in the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after buying an additional 2,325 shares in the last quarter. Socha Financial Group LLC lifted its holdings in shares of Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after buying an additional 1,153 shares in the last quarter. Finally, SVB Wealth LLC lifted its holdings in shares of Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after buying an additional 2,453 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

QQQ traded up $1.18 on Thursday, reaching $492.09. The company had a trading volume of 7,962,689 shares, compared to its average volume of 38,986,051. The business has a 50 day simple moving average of $475.94 and a 200 day simple moving average of $464.29. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

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