Physician Wealth Advisors Inc. Has $2.28 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Physician Wealth Advisors Inc. increased its position in Invesco QQQ (NASDAQ:QQQ) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,645 shares of the exchange traded fund’s stock after purchasing an additional 83 shares during the period. Physician Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $2,280,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter worth $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ in the 1st quarter valued at $40,000. CGC Financial Services LLC lifted its stake in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its stake in Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.0 %

NASDAQ QQQ opened at $490.91 on Thursday. The company has a fifty day moving average price of $475.94 and a 200-day moving average price of $464.29. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.