IAG Wealth Partners LLC Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

IAG Wealth Partners LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,517 shares of the exchange traded fund’s stock after acquiring an additional 30 shares during the quarter. IAG Wealth Partners LLC’s holdings in Invesco QQQ were worth $740,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Westwood Holdings Group Inc. grew its position 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 valued at $7,173,000 after purchasing an additional 1,993 shares in the last quarter. Socha Financial Group LLC grew its holdings in Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after buying an additional 1,153 shares in the last quarter. Bank Hapoalim BM increased its stake in shares of Invesco QQQ by 5.5% in the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after acquiring an additional 6,347 shares during the last quarter. SVB Wealth LLC raised its holdings in shares of Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares during the period. Finally, WFA Asset Management Corp boosted its position in shares of Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after acquiring an additional 1,894 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.7 %

Invesco QQQ stock traded up $3.58 during trading on Friday, hitting $487.43. The company had a trading volume of 33,655,757 shares, compared to its average volume of 28,420,908. The company’s 50 day simple moving average is $481.80 and its 200-day simple moving average is $468.80. Invesco QQQ has a 1-year low of $360.30 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Monday, September 23rd.

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.