Cerity Partners LLC Buys 70,171 Shares of Invesco QQQ (NASDAQ:QQQ)

by · The Cerbat Gem

Cerity Partners LLC increased its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 11.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 682,159 shares of the exchange traded fund’s stock after acquiring an additional 70,171 shares during the period. Invesco QQQ comprises about 0.7% of Cerity Partners LLC’s holdings, making the stock its 24th largest holding. Cerity Partners LLC owned approximately 0.11% of Invesco QQQ worth $332,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. PBCay One RSC Ltd grew its stake in shares of Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after purchasing an additional 22,000 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Invesco QQQ by 140.6% in the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock worth $108,000 after acquiring an additional 142 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Invesco QQQ by 5.0% during the first quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after purchasing an additional 832 shares in the last quarter. Mount Yale Investment Advisors LLC raised its stake in Invesco QQQ by 3.0% during the first quarter. Mount Yale Investment Advisors LLC now owns 11,500 shares of the exchange traded fund’s stock valued at $5,106,000 after buying an additional 338 shares during the last quarter. Finally, SVB Wealth LLC raised its position in shares of Invesco QQQ by 15.2% in the 1st 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. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

Shares of NASDAQ QQQ opened at $505.79 on Friday. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The firm’s 50 day moving average price is $493.08 and its 200-day moving average price is $476.67.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, September 23rd.

Invesco QQQ Company Profile

(Free Report)

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.

Further Reading

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