PCG Wealth Advisors LLC Has $3.05 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

PCG Wealth Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 9.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,256 shares of the exchange traded fund’s stock after selling 637 shares during the period. PCG Wealth Advisors LLC’s holdings in Invesco QQQ were worth $3,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of QQQ. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ in the 1st quarter worth about $40,000. CGC Financial Services LLC increased its position in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in shares of Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ traded down $1.56 during mid-day trading on Wednesday, hitting $489.29. 11,562,281 shares of the company traded hands, compared to its average volume of 39,080,469. The business has a 50-day moving average of $474.82 and a 200 day moving average of $464.10. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.