CreativeOne Wealth LLC Increases Investment in Invesco QQQ

CreativeOne Wealth LLC has increased its investment in Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.7% during the third quarter, as revealed in its latest Form 13F submission to the Securities and Exchange Commission. The institutional investor now owns 59,416 shares of this exchange-traded fund (ETF) after acquiring an additional 8,944 shares within the quarter. Notably, Invesco QQQ constitutes approximately 1.0% of CreativeOne Wealth LLC's overall investment portfolio, ranking it as the 21st largest holding. As per the most recent filing, the total value of CreativeOne’s holdings in Invesco QQQ stands at $28,999,000.

Institutional Trends in Invesco QQQ

Several other hedge funds and institutional investors have also adjusted their positions concerning Invesco QQQ. New Covenant Trust Company N.A. initiated a new position in the first quarter, valued at roughly $28,000. Similarly, Mechanics Financial Corp established a new stake during the second quarter, amounting to about $30,000. Chelsea Counsel Co. acquired shares in the first quarter, with their investment approximating $40,000. CGC Financial Services LLC expanded its holdings by a remarkable 736.4% in the second quarter, now owning 92 shares valued at $44,000 after adding 81 shares recently. Additionally, PFG Private Wealth Management LLC grew its stake by 572.2% during the same quarter, with a current ownership of 121 shares worth $58,000 after acquiring another 103 shares.

Performance of Invesco QQQ

As of Wednesday, shares of NASDAQ QQQ opened at $509.31. The ETF’s 50-day moving average price is $494.46, while the 200-day moving average stands at $478.12. Over the past year, Invesco QQQ reached a low of $382.66 and a high of $515.58.

Dividend Announcement

Recently, Invesco QQQ announced a quarterly dividend that was distributed on Thursday, October 31st. Investors who held shares by Monday, September 23rd, received a dividend of $0.677 per share. This dividend reflects an annualized rate of $2.71, with a yield of 0.53%. The ex-dividend date was also set for Monday, September 23rd.

Understanding Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that offers securities known as Nasdaq-100 Index Tracking Stock. Its primary aim is to provide results that correspond closely to the price and yield of the Nasdaq-100 Index. This trust enables investors to purchase beneficial interests in the underlying securities, effectively mirroring the components of the Nasdaq-100 Index.

investment, ETFs, Invesco