Joel Isaacson & Co. LLC Raises Stock Position in Invesco QQQ Trust (NASDAQ:QQQ)

Joel Isaacson & Co. LLC grew its holdings in Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 13.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,286 shares of the exchange traded fund’s stock after acquiring an additional 1,949 shares during the period. Invesco QQQ Trust comprises approximately 0.4% of Joel Isaacson & Co. LLC’s holdings, making the stock its 28th biggest holding. Joel Isaacson & Co. LLC’s holdings in Invesco QQQ Trust were worth $4,565,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dravo Bay LLC purchased a new stake in Invesco QQQ Trust during the 1st quarter worth $32,000. Birch Capital Management LLC purchased a new stake in Invesco QQQ Trust during the 2nd quarter worth $35,000. William Allan LLC purchased a new stake in Invesco QQQ Trust during the 4th quarter worth $36,000. Arcadia Investment Management Corp MI purchased a new stake in Invesco QQQ Trust during the 1st quarter worth $36,000. Finally, Capital Management Associates NY purchased a new stake in Invesco QQQ Trust during the 1st quarter worth $36,000. Hedge funds and other institutional investors own 41.46% of the company’s stock.

Invesco QQQ Trust Stock Performance

Invesco QQQ Trust stock traded down $5.15 during midday trading on Friday, hitting $274.92. 3,171,623 shares of the stock were exchanged, compared to its average volume of 55,490,280. Invesco QQQ Trust has a 1 year low of $269.28 and a 1 year high of $408.71. The company has a 50 day moving average price of $307.43 and a two-hundred day moving average price of $312.52.

Invesco QQQ Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Tuesday, September 20th will be issued a dividend of $0.519 per share. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, September 19th.

Invesco QQQ Trust Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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