Vigilare Wealth Management Acquires 7,331 Shares of Invesco QQQ $QQQ

Vigilare Wealth Management boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 206.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,886 shares of the exchange traded fund’s stock after buying an additional 7,331 shares during the period. Invesco QQQ makes up about 2.5% of Vigilare Wealth Management’s portfolio, making the stock its 9th largest position. Vigilare Wealth Management’s holdings in Invesco QQQ were worth $8,054,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in shares of Invesco QQQ during the first quarter worth about $28,000. High Point Wealth Management LLC lifted its position in Invesco QQQ by 68.0% in the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 17 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in Invesco QQQ by 83.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 25 shares during the last quarter. Bullseye Investment Management LLC acquired a new position in Invesco QQQ during the 2nd quarter valued at about $44,000. Finally, DecisionPoint Financial LLC increased its holdings in Invesco QQQ by 65.0% during the 3rd quarter. DecisionPoint Financial LLC now owns 66 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 26 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $690.49 on Monday. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86. The business has a 50 day moving average price of $725.00 and a 200-day moving average price of $679.01.

Invesco QQQ Cuts Dividend

The business 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. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st. This represents a $3.01 annualized dividend and a yield of 0.4%.

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.