Invesco QQQ (NASDAQ:QQQ) is Essex Financial Services Inc.’s 3rd Largest Position

Essex Financial Services Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,973 shares of the exchange traded fund’s stock after buying an additional 827 shares during the period. Invesco QQQ comprises 3.3% of Essex Financial Services Inc.’s holdings, making the stock its 3rd biggest holding. Essex Financial Services Inc.’s holdings in Invesco QQQ were worth $31,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Red Tortoise LLC raised its holdings in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares in the last quarter. Friedenthal Financial bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $41,000. Bear Mountain Capital Inc. bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $42,000. Core Wealth Advisors Inc. increased its stake in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares in the last quarter. Finally, Hexagon Capital Partners LLC acquired a new position in Invesco QQQ during the 4th quarter valued at approximately $53,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.4 %

Invesco QQQ stock traded down $1.69 during mid-day trading on Wednesday, reaching $422.90. 23,499,563 shares of the company traded hands, compared to its average volume of 45,613,465. Invesco QQQ has a fifty-two week low of $315.11 and a fifty-two week high of $449.34. The firm’s fifty day moving average is $436.86 and its two-hundred day moving average is $411.54.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, March 18th.

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.