Platt Investment Counsel LLC Has $22.03 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Platt Investment Counsel LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,146 shares of the exchange traded fund’s stock after acquiring an additional 1,002 shares during the quarter. Invesco QQQ accounts for 19.6% of Platt Investment Counsel LLC’s portfolio, making the stock its 2nd largest holding. Platt Investment Counsel LLC’s holdings in Invesco QQQ were worth $22,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the second quarter valued at about $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ during the 1st quarter worth about $40,000. CGC Financial Services LLC increased its holdings in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its stake in Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.6 %

Shares of QQQ opened at $495.32 on Monday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The firm’s 50-day simple moving average is $480.51 and its 200 day simple moving average is $467.05.

Invesco QQQ Cuts Dividend

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