Papp L Roy & Associates Has $227,000 Stake in Invesco QQQ Trust (NASDAQ:QQQ)

Papp L Roy & Associates grew its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,204 shares of the exchange traded fund’s stock after acquiring an additional 100 shares during the quarter. Papp L Roy & Associates’ holdings in Invesco QQQ Trust were worth $227,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Lakeview Capital Partners LLC grew its stake in Invesco QQQ Trust by 1.9% in the third quarter. Lakeview Capital Partners LLC now owns 5,394 shares of the exchange traded fund’s stock valued at $1,018,000 after purchasing an additional 101 shares in the last quarter. Karp Capital Management Corp lifted its position in shares of Invesco QQQ Trust by 15.4% in the third quarter. Karp Capital Management Corp now owns 33,109 shares of the exchange traded fund’s stock valued at $6,251,000 after buying an additional 4,425 shares during the last quarter. Gamble Jones Investment Counsel lifted its position in shares of Invesco QQQ Trust by 7.3% in the third quarter. Gamble Jones Investment Counsel now owns 19,841 shares of the exchange traded fund’s stock valued at $3,746,000 after buying an additional 1,346 shares during the last quarter. Bourgeon Capital Management LLC acquired a new stake in shares of Invesco QQQ Trust in the third quarter valued at approximately $28,000. Finally, PRW Wealth Management LLC lifted its position in shares of Invesco QQQ Trust by 0.6% in the third quarter. PRW Wealth Management LLC now owns 24,229 shares of the exchange traded fund’s stock valued at $4,570,000 after buying an additional 153 shares during the last quarter. Institutional investors own 42.79% of the company’s stock.

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Shares of QQQ traded up $0.80 during mid-day trading on Friday, reaching $201.23. The company’s stock had a trading volume of 15,258,500 shares, compared to its average volume of 32,049,098. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $201.72. The business has a 50-day simple moving average of $192.35 and a two-hundred day simple moving average of $188.20.

The firm also recently declared a — dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, September 24th were paid a $0.3842 dividend. The ex-dividend date was Monday, September 23rd. This represents a dividend yield of 0.8%.

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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