CRA Financial Services LLC Has $25.37 Million Stock Holdings in Invesco QQQ $QQQ

CRA Financial Services LLC raised its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,250 shares of the exchange traded fund’s stock after purchasing an additional 849 shares during the quarter. Invesco QQQ accounts for about 3.5% of CRA Financial Services LLC’s portfolio, making the stock its 5th biggest position. CRA Financial Services LLC’s holdings in Invesco QQQ were worth $25,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ in the 2nd quarter valued at $30,000. Navigoe LLC grew its stake in shares of Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 45 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ in the second quarter valued at about $41,000. Moser Wealth Advisors LLC lifted its position in shares of Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares in the last quarter. Finally, Canoe Financial LP bought a new position in shares of Invesco QQQ during the third quarter valued at about $64,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Down 0.0%

Shares of QQQ stock opened at $623.89 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The company has a 50-day simple moving average of $616.25 and a two-hundred day simple moving average of $586.55.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a $0.7941 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd.

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

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

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