Good Life Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 118.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 50,052 shares of the exchange traded fund's stock after buying an additional 27,172 shares during the period. Invesco QQQ accounts for approximately 1.5% of Good Life Advisors LLC's investment portfolio, making the stock its 15th largest holding. Good Life Advisors LLC's holdings in Invesco QQQ were worth $24,431,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ during the 1st quarter worth $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the second quarter worth $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ in the first quarter valued at about $40,000. CGC Financial Services LLC lifted its stake in 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 buying an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund's stock worth $46,000 after buying an additional 24 shares during the last quarter. Institutional investors own 44.58% of the company's stock.
Shares of QQQ stock opened at $491.25 on Friday. The stock has a 50-day moving average of $476.80 and a 200-day moving average of $464.48. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.
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. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.
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.
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