Heritage Oak Wealth Advisors LLC bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,234 shares of the exchange traded fund's stock, valued at approximately $7,923,000. Invesco QQQ comprises approximately 3.7% of Heritage Oak Wealth Advisors LLC's holdings, making the stock its 4th biggest holding.
A number of other hedge funds also recently bought and sold shares of the company. Westwood Holdings Group Inc. boosted 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 buying an additional 1,993 shares during the period. Socha Financial Group LLC boosted its holdings in shares of Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund's stock worth $39,494,000 after purchasing an additional 1,153 shares during the period. SVB Wealth LLC grew its stake in shares of 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 purchasing an additional 2,453 shares during the last quarter. WFA Asset Management Corp increased its holdings in Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund's stock valued at $2,032,000 after purchasing an additional 1,894 shares during the period. Finally, Daymark Wealth Partners LLC raised its position in Invesco QQQ by 30.4% during the 2nd quarter. Daymark Wealth Partners LLC now owns 17,239 shares of the exchange traded fund's stock valued at $8,259,000 after purchasing an additional 4,015 shares during the last quarter. Institutional investors own 44.58% of the company's stock.
Shares of QQQ stock opened at $495.32 on Friday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The business's 50 day moving average price is $480.10 and its 200-day moving average price is $466.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.
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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