CWA Asset Management Group LLC Invests $2.91 Million in Invesco QQQ (NASDAQ:QQQ)

CWA Asset Management Group LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,964 shares of the exchange traded fund’s stock, valued at approximately $2,911,000.

A number of other large investors have also bought and sold shares of QQQ. WFA Asset Management Corp raised its stake in shares of Invesco QQQ by 70.6% in the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after acquiring an additional 1,894 shares during the last quarter. PBCay One RSC Ltd lifted its holdings in Invesco QQQ by 6.2% during the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after buying an additional 22,000 shares in the last quarter. Montag A & Associates Inc. boosted its position in Invesco QQQ by 155.1% in the 1st quarter. Montag A & Associates Inc. now owns 5,576 shares of the exchange traded fund’s stock valued at $2,479,000 after buying an additional 3,390 shares during the last quarter. Choate Investment Advisors increased its stake in shares of Invesco QQQ by 169.2% in the 1st quarter. Choate Investment Advisors now owns 24,346 shares of the exchange traded fund’s stock valued at $10,810,000 after buying an additional 15,303 shares during the period. Finally, Williams Jones Wealth Management LLC. raised its position in shares of Invesco QQQ by 2.1% during the first quarter. Williams Jones Wealth Management LLC. now owns 25,773 shares of the exchange traded fund’s stock worth $11,443,000 after acquiring an additional 533 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.1 %

Invesco QQQ stock opened at $514.14 on Friday. The business’s 50-day simple moving average is $484.62 and its 200 day simple moving average is $471.30. Invesco QQQ has a 12-month low of $369.57 and a 12-month high of $514.92.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

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.