Invesco QQQ (NASDAQ:QQQ) Shares Bought by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 24.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,033 shares of the exchange traded fund’s stock after purchasing an additional 4,707 shares during the quarter. Invesco QQQ makes up approximately 0.6% of Joel Isaacson & Co. LLC’s holdings, making the stock its 22nd biggest holding. Joel Isaacson & Co. LLC’s holdings in Invesco QQQ were worth $11,730,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Westwood Holdings Group Inc. lifted its position in shares of Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares during the last quarter. Socha Financial Group LLC boosted its stake in Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after acquiring an additional 1,153 shares during the period. SVB Wealth LLC boosted its stake in Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after acquiring an additional 2,453 shares during the period. WFA Asset Management Corp grew its holdings in shares of Invesco QQQ by 70.6% during the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after purchasing an additional 1,894 shares during the last quarter. Finally, Daymark Wealth Partners LLC raised its position in shares of Invesco QQQ by 30.4% during the 2nd quarter. Daymark Wealth Partners LLC now owns 17,239 shares of the exchange traded fund’s stock worth $8,259,000 after purchasing an additional 4,015 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $495.32 on Friday. The stock’s 50 day simple moving average is $480.10 and its 200 day simple moving average is $466.30. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.