Regent Peak Wealth Advisors LLC Acquires 404 Shares of Invesco QQQ (NASDAQ:QQQ)

Regent Peak Wealth Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 14.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,125 shares of the exchange traded fund’s stock after acquiring an additional 404 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Invesco QQQ were worth $1,525,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wedmont Private Capital lifted its stake in shares of Invesco QQQ by 0.6% in the 1st quarter. Wedmont Private Capital now owns 17,990 shares of the exchange traded fund’s stock valued at $7,956,000 after acquiring an additional 101 shares during the last quarter. Weitzel Financial Services Inc. increased its stake in shares of Invesco QQQ by 38.4% in the first quarter. Weitzel Financial Services Inc. now owns 8,951 shares of the exchange traded fund’s stock worth $3,971,000 after buying an additional 2,484 shares during the period. Grassi Investment Management raised its holdings in Invesco QQQ by 0.5% during the 1st quarter. Grassi Investment Management now owns 11,386 shares of the exchange traded fund’s stock valued at $5,055,000 after buying an additional 56 shares during the last quarter. Grandview Asset Management LLC raised its holdings in Invesco QQQ by 5.2% during the 1st quarter. Grandview Asset Management LLC now owns 18,468 shares of the exchange traded fund’s stock valued at $8,200,000 after buying an additional 914 shares during the last quarter. Finally, Compass Financial Group INC SD boosted its position in Invesco QQQ by 4.5% during the 1st quarter. Compass Financial Group INC SD now owns 5,706 shares of the exchange traded fund’s stock valued at $2,533,000 after buying an additional 246 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $490.91 on Thursday. The firm’s 50-day moving average price is $475.94 and its two-hundred day moving average price is $464.29. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

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.