Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Nottingham Advisors Inc.

Nottingham Advisors Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 12.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,642 shares of the exchange traded fund’s stock after acquiring an additional 184 shares during the quarter. Nottingham Advisors Inc.’s holdings in Invesco QQQ were worth $801,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QQQ. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ in the 1st quarter worth approximately $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth about $30,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $40,000. CGC Financial Services LLC boosted its position in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. raised its position in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $2.35 during trading hours on Thursday, hitting $493.26. 4,772,746 shares of the company were exchanged, compared to its average volume of 38,970,180. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The company has a 50 day moving average of $475.94 and a two-hundred day moving average of $464.29.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

About Invesco QQQ

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.