Aptus Capital Advisors LLC Purchases 829 Shares of Invesco QQQ (NASDAQ:QQQ)

Aptus Capital Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 1.4% during the third quarter, HoldingsChannel.com reports. The fund owned 58,375 shares of the exchange traded fund’s stock after acquiring an additional 829 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Invesco QQQ were worth $28,491,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp raised its position in Invesco QQQ by 70.6% in the 1st 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 last quarter. PBCay One RSC Ltd raised its holdings in Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after purchasing an additional 22,000 shares during the period. Russell Investments Group Ltd. raised its stake in Invesco QQQ by 140.6% during the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock worth $108,000 after buying an additional 142 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Invesco QQQ during the first quarter worth about $844,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of Invesco QQQ during the 1st quarter valued at about $11,491,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock traded down $0.07 during mid-day trading on Tuesday, hitting $513.77. 5,076,102 shares of the company were exchanged, compared to its average volume of 38,204,531. Invesco QQQ has a 1-year low of $375.24 and a 1-year high of $515.58. The firm’s 50 day simple moving average is $485.37 and its 200 day simple moving average is $472.57.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%. 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.