CRA Financial Services LLC Grows Position in Invesco QQQ $QQQ

CRA Financial Services LLC increased its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 2.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 42,250 shares of the exchange traded fund’s stock after buying an additional 849 shares during the period. Invesco QQQ comprises 3.5% of CRA Financial Services LLC’s investment portfolio, making the stock its 5th biggest holding. CRA Financial Services LLC’s holdings in Invesco QQQ were worth $25,366,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QQQ. SK Wealth Management LLC purchased a new position in shares of Invesco QQQ in the third quarter valued at $803,000. Fifth Third Securities Inc. boosted its stake in Invesco QQQ by 2.6% in the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after purchasing an additional 2,822 shares during the period. Amundi grew its holdings in Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after buying an additional 6,600 shares in the last quarter. BCGM Wealth Management LLC increased its position in shares of Invesco QQQ by 13.6% during the second quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after buying an additional 3,066 shares during the period. Finally, Prospect Financial Services LLC lifted its holdings in shares of Invesco QQQ by 9.1% in the second quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock worth $6,490,000 after buying an additional 986 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Stores Impacting Invesco QQQ

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

Invesco QQQ Stock Performance

QQQ stock opened at $623.89 on Friday. The firm has a 50 day moving average of $616.25 and a 200-day moving average of $586.55. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

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

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.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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