Arthur M. Cohen & Associates LLC Buys 83 Shares of Invesco QQQ (NASDAQ:QQQ)

Arthur M. Cohen & Associates LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,292 shares of the exchange traded fund’s stock after buying an additional 83 shares during the period. Invesco QQQ accounts for approximately 0.9% of Arthur M. Cohen & Associates LLC’s portfolio, making the stock its 21st biggest holding. Arthur M. Cohen & Associates LLC’s holdings in Invesco QQQ were worth $4,953,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of QQQ. WFA Asset Management Corp raised its holdings in Invesco QQQ by 70.6% during the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after buying an additional 1,894 shares in the last quarter. PBCay One RSC Ltd raised its holdings in Invesco QQQ by 6.2% during the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after buying an additional 22,000 shares in the last quarter. Commerce Bank increased its stake in shares of Invesco QQQ by 3.2% in the first quarter. Commerce Bank now owns 40,492 shares of the exchange traded fund’s stock worth $17,979,000 after purchasing an additional 1,239 shares during the period. Chevy Chase Trust Holdings LLC increased its stake in shares of Invesco QQQ by 10.5% in the first quarter. Chevy Chase Trust Holdings LLC now owns 5,483 shares of the exchange traded fund’s stock worth $2,435,000 after purchasing an additional 519 shares during the period. Finally, Catalina Capital Group LLC increased its stake in shares of Invesco QQQ by 45.9% in the first quarter. Catalina Capital Group LLC now owns 2,627 shares of the exchange traded fund’s stock worth $1,166,000 after purchasing an additional 827 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.6 %

Invesco QQQ stock opened at $488.91 on Tuesday. The business’s 50-day simple moving average is $482.01 and its 200-day simple moving average is $469.55. Invesco QQQ has a 52 week low of $366.91 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.