McGuire Investment Group LLC Acquires 57 Shares of Invesco QQQ (NASDAQ:QQQ)

McGuire Investment Group LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,646 shares of the exchange traded fund’s stock after buying an additional 57 shares during the quarter. McGuire Investment Group LLC’s holdings in Invesco QQQ were worth $5,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. Atwater Malick LLC bought a new stake in Invesco QQQ in the 1st quarter valued at $293,000. Westwood Holdings Group Inc. lifted its position in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares in the last quarter. GenWealth Group Inc. boosted its stake in Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after buying an additional 2,325 shares during the last quarter. Socha Financial Group LLC grew its holdings in Invesco QQQ by 1.3% during the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after buying an additional 1,153 shares in the last quarter. Finally, SVB Wealth LLC increased its stake in Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

Shares of QQQ traded up $0.77 during mid-day trading on Friday, hitting $493.36. 20,644,497 shares of the stock were exchanged, compared to its average volume of 39,311,230. The firm has a 50-day moving average of $472.55 and a two-hundred day moving average of $463.27. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

About Invesco QQQ

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.