Eagle Strategies LLC Purchases 297 Shares of Invesco QQQ (NASDAQ:QQQ)

Eagle Strategies LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,624 shares of the exchange traded fund’s stock after acquiring an additional 297 shares during the period. Eagle Strategies LLC’s holdings in Invesco QQQ were worth $1,769,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ during the 1st quarter worth approximately $40,000. CGC Financial Services LLC lifted its holdings in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. lifted its holdings in Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 1.0 %

NASDAQ QQQ opened at $500.16 on Wednesday. Invesco QQQ has a fifty-two week low of $346.45 and a fifty-two week high of $503.52. The stock has a 50 day simple moving average of $481.19 and a two-hundred day simple moving average of $467.84.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.54%. 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.