Cozad Asset Management Inc. Raises Stake in Invesco QQQ (NASDAQ:QQQ)

Cozad Asset Management Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,237 shares of the exchange traded fund’s stock after buying an additional 209 shares during the quarter. Cozad Asset Management Inc.’s holdings in Invesco QQQ were worth $6,949,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ in the first quarter valued at about $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter valued at $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $40,000. CGC Financial Services LLC boosted its stake in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. lifted its holdings in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.7 %

Shares of NASDAQ:QQQ opened at $505.58 on Thursday. The company has a 50 day moving average of $483.00 and a 200-day moving average of $470.34. Invesco QQQ has a twelve month low of $369.05 and a twelve month high of $506.41.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.54%.

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.