Invesco QQQ $QQQ Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 138,947 shares of the exchange traded fund’s stock, valued at approximately $102,789,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heartwood Wealth Advisors LLC grew its position in Invesco QQQ by 0.7% during the third quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund’s stock worth $1,444,000 after buying an additional 14 shares in the last quarter. Sherman Wealth Management LLC lifted its position in shares of Invesco QQQ by 0.8% during the 3rd quarter. Sherman Wealth Management LLC now owns 1,702 shares of the exchange traded fund’s stock valued at $1,259,000 after acquiring an additional 14 shares during the period. Heritage Wealth Management Inc. grew its holdings in shares of Invesco QQQ by 1.1% during the 3rd quarter. Heritage Wealth Management Inc. now owns 1,328 shares of the exchange traded fund’s stock worth $983,000 after purchasing an additional 14 shares in the last quarter. Royal Harbor Partners LLC grew its holdings in shares of Invesco QQQ by 4.6% during the 3rd quarter. Royal Harbor Partners LLC now owns 318 shares of the exchange traded fund’s stock worth $235,000 after purchasing an additional 14 shares in the last quarter. Finally, CAP Partners LLC grew its holdings in shares of Invesco QQQ by 3.5% during the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock worth $256,000 after purchasing an additional 15 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $690.49 on Friday. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86. The stock’s fifty day moving average is $725.00 and its 200 day moving average is $679.01.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were paid a dividend of $0.7514 per share. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%.

Invesco QQQ Company Profile

(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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