Westfuller Advisors LLC Invests $2.48 Million in Invesco QQQ (NASDAQ:QQQ)

Westfuller Advisors LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,065 shares of the exchange traded fund’s stock, valued at approximately $2,475,000. Invesco QQQ makes up about 1.8% of Westfuller Advisors LLC’s portfolio, making the stock its 16th largest holding.

Several other institutional investors have also made changes to their positions in the company. Gilbert & Cook Inc. increased its position in shares of Invesco QQQ by 96.1% in the third quarter. Gilbert & Cook Inc. now owns 3,276 shares of the exchange traded fund’s stock worth $1,599,000 after acquiring an additional 1,605 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Invesco QQQ by 7.2% in the third quarter. Thrivent Financial for Lutherans now owns 223,289 shares of the exchange traded fund’s stock worth $108,981,000 after acquiring an additional 15,034 shares in the last quarter. Claro Advisors LLC increased its position in shares of Invesco QQQ by 6.7% in the third quarter. Claro Advisors LLC now owns 24,492 shares of the exchange traded fund’s stock worth $11,954,000 after acquiring an additional 1,534 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares in the last quarter. Finally, Ceera Investments LLC boosted its holdings in shares of Invesco QQQ by 10.7% during the third quarter. Ceera Investments LLC now owns 1,622 shares of the exchange traded fund’s stock worth $792,000 after purchasing an additional 157 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $496.57 on Friday. The firm has a 50 day simple moving average of $489.33 and a 200 day simple moving average of $474.46. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. 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.