13,605 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Buck Wealth Strategies LLC

Buck Wealth Strategies LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the second quarter, HoldingsChannel.com reports. The fund purchased 13,605 shares of the exchange traded fund’s stock, valued at approximately $6,518,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ during the first quarter valued at about $28,000. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ during the 1st quarter valued at $29,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ in the second quarter worth about $30,000. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new stake in Invesco QQQ during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

Shares of QQQ opened at $486.75 on Friday. The company has a 50 day moving average price of $468.10 and a 200-day moving average price of $460.07. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.56%.

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.