Discipline Wealth Solutions LLC Purchases New Position in Invesco QQQ (NASDAQ:QQQ)

Discipline Wealth Solutions LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the third quarter, Holdings Channel reports. The institutional investor purchased 1,714 shares of the exchange traded fund’s stock, valued at approximately $837,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Invesco QQQ by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock worth $7,779,000 after purchasing an additional 832 shares in the last quarter. Lantz Financial LLC acquired a new stake in shares of Invesco QQQ during the 2nd quarter valued at about $214,000. ORG Partners LLC purchased a new stake in shares of Invesco QQQ in the second quarter valued at approximately $767,000. Midwest Financial Group LLC grew its stake in Invesco QQQ by 2.4% in the 2nd quarter. Midwest Financial Group LLC now owns 12,018 shares of the exchange traded fund’s stock valued at $5,758,000 after acquiring an additional 278 shares during the period. Finally, Leavell Investment Management Inc. lifted its holdings in Invesco QQQ by 8.0% during the second quarter. Leavell Investment Management Inc. now owns 16,092 shares of the exchange traded fund’s stock valued at $7,722,000 after purchasing an additional 1,195 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $520.60 on Wednesday. The company has a 50-day moving average price of $500.28 and a 200 day moving average price of $482.21. Invesco QQQ has a twelve month low of $391.53 and a twelve month high of $526.72.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.52%.

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.