Chris Bulman Inc Has $5.77 Million Position in Invesco QQQ (NASDAQ:QQQ)

Chris Bulman Inc boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 25.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,831 shares of the exchange traded fund’s stock after purchasing an additional 2,379 shares during the period. Invesco QQQ comprises approximately 3.9% of Chris Bulman Inc’s holdings, making the stock its 5th largest holding. Chris Bulman Inc’s holdings in Invesco QQQ were worth $5,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atwater Malick LLC bought a new stake in Invesco QQQ during the first quarter worth about $293,000. Westwood Holdings Group Inc. grew its position in Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares during the last quarter. Socha Financial Group LLC increased its stake in Invesco QQQ by 1.3% during the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after purchasing an additional 1,153 shares in the last quarter. SVB Wealth LLC raised its holdings 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 worth $8,240,000 after buying an additional 2,453 shares during the last quarter. Finally, WFA Asset Management Corp lifted its stake in shares of Invesco QQQ by 70.6% in the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after buying an additional 1,894 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $488.36 on Thursday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The firm has a 50 day moving average of $479.75 and a 200 day moving average of $466.12.

Invesco QQQ Cuts Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date 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.