Joel Isaacson & Co. LLC Has $20.62 Million Position in Invesco QQQ $QQQ

Joel Isaacson & Co. LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 28.3% during the third quarter, HoldingsChannel.com reports. The fund owned 34,343 shares of the exchange traded fund’s stock after purchasing an additional 7,573 shares during the period. Invesco QQQ accounts for 0.7% of Joel Isaacson & Co. LLC’s portfolio, making the stock its 24th largest holding. Joel Isaacson & Co. LLC’s holdings in Invesco QQQ were worth $20,618,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Navigoe LLC raised its position in Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares during the last quarter. PayPay Securities Corp boosted its stake in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Invesco QQQ during the third quarter worth $42,000. Finally, Moser Wealth Advisors LLC increased its stake in shares of Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.1%

Shares of QQQ stock opened at $608.06 on Wednesday. The firm’s 50 day moving average is $616.09 and its 200-day moving average is $596.90. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

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

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.