Invesco QQQ $QQQ Shares Acquired by McClarren Financial Advisors Inc.

McClarren Financial Advisors Inc. raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 122.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,141 shares of the exchange traded fund’s stock after buying an additional 5,035 shares during the period. Invesco QQQ comprises 3.5% of McClarren Financial Advisors Inc.’s portfolio, making the stock its 8th biggest position. McClarren Financial Advisors Inc.’s holdings in Invesco QQQ were worth $5,488,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Invesco QQQ in the second quarter valued at approximately $30,000. Navigoe LLC raised its stake in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 45 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ during the second quarter worth $41,000. Moser Wealth Advisors LLC increased its stake in Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new position in shares of Invesco QQQ in the 1st quarter valued at about $70,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.5%

Shares of QQQ stock opened at $622.11 on Wednesday. The firm’s 50-day moving average is $614.97 and its 200-day moving average is $585.38. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a $0.7941 dividend. The ex-dividend date is Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%.

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.