DeDora Capital Inc. Has $5.58 Million Stake in Invesco QQQ Trust (QQQ)

DeDora Capital Inc. lowered its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,012 shares of the exchange traded fund’s stock after selling 2,025 shares during the quarter. Invesco QQQ Trust comprises approximately 4.2% of DeDora Capital Inc.’s holdings, making the stock its 4th largest holding. DeDora Capital Inc.’s holdings in Invesco QQQ Trust were worth $5,576,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Cornerstone Wealth Management LLC increased its position in Invesco QQQ Trust by 17,565.4% during the second quarter. Cornerstone Wealth Management LLC now owns 4,183,694 shares of the exchange traded fund’s stock worth $24,211,000 after acquiring an additional 4,160,011 shares during the period. Charles Schwab Investment Advisory Inc. bought a new position in Invesco QQQ Trust during the second quarter worth $434,551,000. CHURCHILL MANAGEMENT Corp increased its position in Invesco QQQ Trust by 51.4% during the third quarter. CHURCHILL MANAGEMENT Corp now owns 1,863,514 shares of the exchange traded fund’s stock worth $346,222,000 after acquiring an additional 633,057 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Invesco QQQ Trust by 7.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,477,438 shares of the exchange traded fund’s stock worth $253,613,000 after acquiring an additional 101,264 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Invesco QQQ Trust by 4.2% during the second quarter. Commonwealth Equity Services LLC now owns 1,345,987 shares of the exchange traded fund’s stock worth $231,039,000 after acquiring an additional 53,897 shares during the period. 40.74% of the stock is currently owned by institutional investors and hedge funds.

QQQ stock traded down $0.16 on Friday, reaching $173.02. 82,926,096 shares of the company were exchanged, compared to its average volume of 42,051,715. Invesco QQQ Trust has a 12 month low of $146.33 and a 12 month high of $187.53.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Tuesday, September 25th will be given a dividend of $0.3298 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Monday, September 24th.

Invesco QQQ Trust Profile

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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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