Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Grimes & Company Inc.

Grimes & Company Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,340 shares of the exchange traded fund’s stock after purchasing an additional 139 shares during the period. Grimes & Company Inc.’s holdings in Invesco QQQ were worth $3,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Planning Services Inc. LA ADV raised its holdings in shares of Invesco QQQ by 8.1% in the 3rd quarter. Asset Planning Services Inc. LA ADV now owns 922 shares of the exchange traded fund’s stock valued at $450,000 after purchasing an additional 69 shares in the last quarter. Greystone Financial Group LLC increased its holdings in Invesco QQQ by 81.9% in the third quarter. Greystone Financial Group LLC now owns 5,271 shares of the exchange traded fund’s stock valued at $2,572,000 after buying an additional 2,374 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its stake in Invesco QQQ by 6.7% in the third quarter. Beese Fulmer Investment Management Inc. now owns 993 shares of the exchange traded fund’s stock valued at $485,000 after buying an additional 62 shares in the last quarter. X Square Capital LLC lifted its holdings in Invesco QQQ by 146.5% during the 3rd quarter. X Square Capital LLC now owns 1,977 shares of the exchange traded fund’s stock worth $965,000 after buying an additional 1,175 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. boosted its position in shares of Invesco QQQ by 3.1% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 3,930 shares of the exchange traded fund’s stock worth $1,918,000 after acquiring an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $492.32 on Friday. The stock’s 50-day simple moving average is $479.75 and its 200-day simple moving average is $466.12. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

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

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.