Nicholas Hoffman & Company LLC. Purchases 164 Shares of Invesco QQQ (NASDAQ:QQQ)

Nicholas Hoffman & Company LLC. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 163,013 shares of the exchange traded fund’s stock after buying an additional 164 shares during the quarter. Invesco QQQ comprises 3.4% of Nicholas Hoffman & Company LLC.’s holdings, making the stock its 8th biggest position. Nicholas Hoffman & Company LLC.’s holdings in Invesco QQQ were worth $79,562,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in Invesco QQQ during the first quarter worth approximately $39,478,000. Naviter Wealth LLC lifted its position in shares of Invesco QQQ by 42.6% during the 1st quarter. Naviter Wealth LLC now owns 890 shares of the exchange traded fund’s stock valued at $396,000 after acquiring an additional 266 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Invesco QQQ by 8.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 660,856 shares of the exchange traded fund’s stock worth $293,427,000 after purchasing an additional 51,643 shares in the last quarter. WFA Asset Management Corp increased 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 purchasing an additional 1,894 shares during the period. Finally, Albion Financial Group UT raised its stake in Invesco QQQ by 0.3% in the first quarter. Albion Financial Group UT now owns 21,797 shares of the exchange traded fund’s stock valued at $9,678,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.0 %

QQQ opened at $500.16 on Wednesday. Invesco QQQ has a twelve month low of $346.45 and a twelve month high of $503.52. The company has a 50-day simple moving average of $481.19 and a 200 day simple moving average of $467.84.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors 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 0.54%.

Invesco QQQ Company 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.