Windward Capital Management Co. CA Invests $1.30 Million in Invesco QQQ (NASDAQ:QQQ)

During the third quarter, Windward Capital Management Co. CA took a significant step by purchasing a new stake in Invesco QQQ (NASDAQ:QQQ). This move was disclosed in the latest 13F filing submitted to the Securities and Exchange Commission. The fund acquired 2,658 shares of this exchange-traded fund, with the total investment amounting to around $1.30 million.

Several other institutional investors have also engaged in buying and selling shares of Invesco QQQ. For instance, Westwood Holdings Group Inc. boosted its stake by 14.1% in the first quarter, bringing its total ownership to 16,155 shares, valued at $7.17 million. Similarly, Socha Financial Group LLC increased its holdings by 2.4% in the third quarter, acquiring a total of 91,650 shares worth approximately $44.73 million after adding 2,171 shares during that period.

Furthermore, Bank Hapoalim BM raised its stake by 5.5% in the third quarter, leading them to own 121,397 shares valued at about $59.25 million after purchasing an additional 6,347 shares. Meanwhile, SVB Wealth LLC increased its position by 15.2% in the first quarter, bringing its total to 18,559 shares worth around $8.24 million following an additional acquisition of 2,453 shares. Finally, Invictus Private Wealth LLC also exhibited confidence in Invesco QQQ, boosting its stake by 1.3% during the third quarter, now owning 334,023 shares valued at $163.03 million after procuring 4,139 additional shares. Overall, institutional investors collectively own 44.58% of Invesco QQQ’s stock.

Invesco QQQ Performance

On Friday, shares of Invesco QQQ were trading slightly higher, up by 0.1%. The stock opened at $514.14, with the 1-year low recorded at $369.57 and the high at $514.92. The exchange-traded fund’s 50-day moving average stands at $484.62, while its 200-day moving average is at $471.30.

Dividend Announcement

Recently, Invesco QQQ declared a quarterly dividend, which was distributed to shareholders on Thursday, October 31st. Those recorded as shareholders on Monday, September 23rd were eligible for a dividend of $0.677 per share. The announced dividend reflects an annualized payout of $2.71, resulting in a dividend yield of 0.53%.

About Invesco QQQ

Invesco QQQ, also known as PowerShares QQQ Trust, Series 1, is a unit investment trust that issues securities representing the Nasdaq-100 Index Tracking Stock. The primary investment goal of this Trust is to mirror the performance of the price and yield of the Nasdaq-100 Index. It provides investors an opportunity to invest in a diversified portfolio of securities that closely corresponds to the components of the Nasdaq-100 Index.

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