Commonwealth Retirement Investments LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Commonwealth Retirement Investments LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the third quarter, Holdings Channel.com reports. The fund acquired 419 shares of the exchange traded fund’s stock, valued at approximately $205,000.

A number of other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares during the period. Steel Grove Capital Advisors LLC raised its position in Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after acquiring an additional 3,102,568 shares in the last quarter. Strategic Financial Concepts LLC raised its position in Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after acquiring an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC raised its holdings in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after buying an additional 894,532 shares during the period. Finally, Harvard Management Co. Inc. acquired a new stake in Invesco QQQ during the 1st quarter worth about $304,591,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.0 %

NASDAQ:QQQ traded down $0.07 on Tuesday, hitting $513.77. 5,076,102 shares of the company’s stock traded hands, compared to its average volume of 38,204,531. Invesco QQQ has a 1 year low of $375.24 and a 1 year high of $515.58. The firm has a 50-day moving average price of $485.37 and a 200-day moving average price of $472.57.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.53%.

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.