Discipline Wealth Solutions LLC Invests $837,000 in Invesco QQQ (NASDAQ:QQQ)

Discipline Wealth Solutions LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,714 shares of the exchange traded fund’s stock, valued at approximately $837,000.

Other large investors have also recently made changes to their positions in the company. Mechanics Financial Corp purchased a new position in Invesco QQQ during the second quarter valued at $30,000. CGC Financial Services LLC lifted its position in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares in the last quarter. Legacy Bridge LLC raised its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ in the 3rd quarter worth approximately $62,000. Finally, CarsonAllaria Wealth Management Ltd. boosted its position in shares of Invesco QQQ by 27.2% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund’s stock worth $63,000 after acquiring an additional 28 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $520.60 on Wednesday. Invesco QQQ has a 12 month low of $391.53 and a 12 month high of $526.72. The stock has a 50 day moving average of $500.28 and a 200 day moving average of $482.21.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.52%.

About Invesco QQQ

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.