Pettyjohn Wood & White Inc. Has $15.68 Million Stock Holdings in Invesco QQQ $QQQ

Pettyjohn Wood & White Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,519 shares of the exchange traded fund’s stock after purchasing an additional 819 shares during the period. Invesco QQQ comprises approximately 2.5% of Pettyjohn Wood & White Inc.’s portfolio, making the stock its 8th biggest position. Pettyjohn Wood & White Inc.’s holdings in Invesco QQQ were worth $15,677,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QQQ. SG Americas Securities LLC grew its holdings in shares of Invesco QQQ by 120.2% in the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after acquiring an additional 1,270,102 shares in the last quarter. Analyst IMS Investment Management Services Ltd. grew its holdings in shares of Invesco QQQ by 68.6% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock valued at $1,075,091,000 after acquiring an additional 712,026 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Invesco QQQ by 1,216.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 561,706 shares of the exchange traded fund’s stock valued at $345,070,000 after acquiring an additional 519,051 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco QQQ by 11.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock valued at $2,179,321,000 after acquiring an additional 375,581 shares in the last quarter. Finally, NorthRock Partners LLC grew its holdings in shares of Invesco QQQ by 1,355.6% in the third quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock valued at $183,024,000 after acquiring an additional 283,909 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 1.6%

QQQ stock opened at $716.07 on Tuesday. The business has a 50 day moving average of $669.76 and a 200-day moving average of $632.15. Invesco QQQ has a 12-month low of $523.65 and a 12-month high of $748.65.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.4%.

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About Invesco QQQ

(Free Report)

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.

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

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