DeDora Capital Inc. Has $4.38 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

DeDora Capital Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ) by 19.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,873 shares of the exchange traded fund’s stock after selling 2,381 shares during the period. Invesco QQQ comprises approximately 1.4% of DeDora Capital Inc.’s holdings, making the stock its 16th largest holding. DeDora Capital Inc.’s holdings in Invesco QQQ were worth $4,384,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC raised its holdings in shares of Invesco QQQ by 8.0% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 4,457 shares of the exchange traded fund’s stock worth $1,597,000 after buying an additional 329 shares in the last quarter. Independent Advisor Alliance raised its holdings in shares of Invesco QQQ by 2.3% in the 3rd quarter. Independent Advisor Alliance now owns 1,743 shares of the exchange traded fund’s stock worth $624,000 after buying an additional 40 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Invesco QQQ by 244.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 380,566 shares of the exchange traded fund’s stock worth $136,345,000 after buying an additional 270,035 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Invesco QQQ by 7.8% in the 3rd quarter. Brown Advisory Inc. now owns 46,594 shares of the exchange traded fund’s stock worth $16,693,000 after buying an additional 3,390 shares in the last quarter. Finally, BLB&B Advisors LLC raised its holdings in shares of Invesco QQQ by 2.6% in the 3rd quarter. BLB&B Advisors LLC now owns 2,078 shares of the exchange traded fund’s stock worth $745,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.0 %

QQQ stock traded up $8.58 during midday trading on Friday, reaching $435.48. 48,515,252 shares of the company’s stock traded hands, compared to its average volume of 48,759,256. The company has a 50-day simple moving average of $436.53 and a two-hundred day simple moving average of $412.18. Invesco QQQ has a 1-year low of $315.11 and a 1-year high of $449.34.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a $0.5735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%.

Invesco QQQ Company 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.