Joel Isaacson & Co. LLC Has $20.62 Million Stock Position in Invesco QQQ $QQQ

Joel Isaacson & Co. LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 28.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,343 shares of the exchange traded fund’s stock after buying an additional 7,573 shares during the quarter. Invesco QQQ makes up about 0.7% of Joel Isaacson & Co. LLC’s holdings, making the stock its 24th biggest position. Joel Isaacson & Co. LLC’s holdings in Invesco QQQ were worth $20,618,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fifth Third Securities Inc. increased its position in Invesco QQQ by 2.6% in the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after buying an additional 2,822 shares during the period. SK Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the third quarter worth $803,000. Great Point Wealth Advisors LLC acquired a new stake in shares of Invesco QQQ in the third quarter worth $507,000. BCGM Wealth Management LLC raised its stake in Invesco QQQ by 13.6% during the 2nd quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after purchasing an additional 3,066 shares during the last quarter. Finally, Prospect Financial Services LLC boosted its holdings in Invesco QQQ by 9.1% in the 2nd quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock valued at $6,490,000 after purchasing an additional 986 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $608.06 on Wednesday. The firm’s 50-day moving average is $616.09 and its 200-day moving average is $596.90. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company 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.