Invesco QQQ $QQQ Shares Acquired by Box Hill Private Wealth LLC

Box Hill Private Wealth LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,368 shares of the exchange traded fund’s stock after purchasing an additional 1,177 shares during the period. Invesco QQQ comprises approximately 7.2% of Box Hill Private Wealth LLC’s holdings, making the stock its 3rd largest position. Box Hill Private Wealth LLC’s holdings in Invesco QQQ were worth $9,889,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. High Point Wealth Management LLC increased its stake in shares of Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 17 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Islay Capital Management LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at $32,000. Financial Management Professionals Inc. grew its stake in Invesco QQQ by 83.3% in the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 25 shares in the last quarter. Finally, Bullseye Investment Management LLC purchased a new position in Invesco QQQ in the second quarter valued at about $44,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock traded up $6.62 during mid-day trading on Monday, hitting $756.20. The stock had a trading volume of 25,496,506 shares, compared to its average volume of 48,478,605. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $756.92. The company has a fifty day moving average of $717.51 and a 200 day moving average of $693.06.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Monday, September 21st will be paid a $0.7514 dividend. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135.

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.