Legacy Bridge LLC Buys 45 Shares of Invesco QQQ (NASDAQ:QQQ)

Legacy Bridge LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 60.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120 shares of the exchange traded fund’s stock after buying an additional 45 shares during the period. Legacy Bridge LLC’s holdings in Invesco QQQ were worth $59,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Common Fund For Nonprofit Organizations bought a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $5,767,000. OneAscent Wealth Management LLC grew its stake in Invesco QQQ by 19.0% in the third quarter. OneAscent Wealth Management LLC now owns 838 shares of the exchange traded fund’s stock worth $410,000 after purchasing an additional 134 shares during the period. Semus Wealth Partners LLC raised its holdings in Invesco QQQ by 15.0% in the third quarter. Semus Wealth Partners LLC now owns 5,105 shares of the exchange traded fund’s stock worth $2,491,000 after purchasing an additional 665 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its holdings in Invesco QQQ by 1.4% in the third quarter. Cassaday & Co Wealth Management LLC now owns 36,579 shares of the exchange traded fund’s stock worth $17,853,000 after purchasing an additional 503 shares in the last quarter. Finally, Drive Wealth Management LLC lifted its position in Invesco QQQ by 3.5% during the third quarter. Drive Wealth Management LLC now owns 1,556 shares of the exchange traded fund’s stock valued at $761,000 after buying an additional 52 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $500.02 on Tuesday. The company’s fifty day moving average price is $490.25 and its 200-day moving average price is $475.35. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ Profile

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.