1,177 Invesco QQQ $QQQ Shares Purchased by Box Hill Private Wealth LLC

Box Hill Private Wealth LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,368 shares of the exchange traded fund’s stock after acquiring an additional 1,177 shares during the quarter. Invesco QQQ comprises 7.2% of Box Hill Private Wealth LLC’s portfolio, making the stock its 3rd biggest holding. Box Hill Private Wealth LLC’s holdings in Invesco QQQ were worth $9,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park National Corp OH grew its holdings in Invesco QQQ by 4.4% during the third quarter. Park National Corp OH now owns 2,693 shares of the exchange traded fund’s stock valued at $1,992,000 after purchasing an additional 113 shares during the last quarter. Adelphi Trust Co lifted its stake in shares of Invesco QQQ by 3.4% in the third quarter. Adelphi Trust Co now owns 782 shares of the exchange traded fund’s stock worth $578,000 after buying an additional 26 shares during the last quarter. Eastern Bank lifted its stake in shares of Invesco QQQ by 4.1% in the third quarter. Eastern Bank now owns 13,669 shares of the exchange traded fund’s stock worth $10,112,000 after buying an additional 538 shares during the last quarter. Heartwood Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ by 0.7% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund’s stock worth $1,444,000 after buying an additional 14 shares during the period. Finally, Rockland Trust Co. boosted its holdings in shares of Invesco QQQ by 5.5% during the 3rd quarter. Rockland Trust Co. now owns 1,935 shares of the exchange traded fund’s stock worth $1,431,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded up $6.62 during midday trading on Monday, reaching $756.20. The stock had a trading volume of 25,496,506 shares, compared to its average volume of 48,478,605. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $756.92. The firm’s fifty day simple moving average is $717.51 and its 200-day simple moving average is $693.06.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.7514 per share. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date is Monday, September 21st.

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.