J.W. Cole Advisors Inc. Buys 2,847 Shares of Invesco QQQ $QQQ

J.W. Cole Advisors Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 1.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 197,604 shares of the exchange traded fund’s stock after purchasing an additional 2,847 shares during the quarter. Invesco QQQ accounts for about 2.3% of J.W. Cole Advisors Inc.’s investment portfolio, making the stock its 4th largest holding. J.W. Cole Advisors Inc.’s holdings in Invesco QQQ were worth $118,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of QQQ. Fifth Third Securities Inc. increased its holdings in Invesco QQQ by 2.6% in the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after buying an additional 2,822 shares during the last quarter. SK Wealth Management LLC acquired a new stake in Invesco QQQ in the third quarter valued at approximately $803,000. Great Point Wealth Advisors LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth $507,000. Strengthening Families & Communities LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth $10,771,000. Finally, BCGM Wealth Management LLC raised its holdings in shares of Invesco QQQ by 13.6% during the 2nd quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after purchasing an additional 3,066 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

More Invesco QQQ News

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Invesco QQQ Stock Down 1.5%

QQQ stock opened at $616.52 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The company has a fifty day simple moving average of $620.40 and a 200 day simple moving average of $601.69.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a $0.7941 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

Invesco QQQ 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.

Further Reading

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

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