Curi Wealth Management LLC Has $689,000 Position in Invesco QQQ Trust (NASDAQ:QQQ)

Curi Wealth Management LLC lifted its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 286.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,578 shares of the exchange traded fund’s stock after purchasing an additional 1,911 shares during the quarter. Curi Wealth Management LLC’s holdings in Invesco QQQ Trust were worth $689,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of QQQ. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Invesco QQQ Trust by 9.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,113,000 shares of the exchange traded fund’s stock worth $1,152,792,000 after buying an additional 372,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco QQQ Trust by 2.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,906,469 shares of the exchange traded fund’s stock worth $814,624,000 after buying an additional 78,756 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Invesco QQQ Trust by 8.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,903,221 shares of the exchange traded fund’s stock worth $508,727,000 after buying an additional 143,095 shares in the last quarter. First Republic Investment Management Inc. grew its holdings in shares of Invesco QQQ Trust by 8.4% during the third quarter. First Republic Investment Management Inc. now owns 1,535,707 shares of the exchange traded fund’s stock worth $410,433,000 after buying an additional 119,648 shares in the last quarter. Finally, Meitav Dash Investments Ltd. grew its holdings in shares of Invesco QQQ Trust by 0.5% during the third quarter. Meitav Dash Investments Ltd. now owns 1,468,376 shares of the exchange traded fund’s stock worth $399,146,000 after buying an additional 6,853 shares in the last quarter. Institutional investors and hedge funds own 43.08% of the company’s stock.

Invesco QQQ Trust Stock Down 0.1 %

Shares of NASDAQ:QQQ traded down $0.31 during mid-day trading on Wednesday, reaching $294.31. 15,352,544 shares of the stock were exchanged, compared to its average volume of 46,527,754. Invesco QQQ Trust has a one year low of $254.26 and a one year high of $371.83. The stock’s 50 day simple moving average is $279.03 and its 200-day simple moving average is $287.64.

Invesco QQQ Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Tuesday, December 20th were issued a dividend of $0.655 per share. The ex-dividend date was Monday, December 19th. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.52. This represents a $2.62 dividend on an annualized basis and a dividend yield of 0.89%.

Invesco QQQ Trust 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.