Invesco QQQ (NASDAQ:QQQ) is PFG Investments LLC’s 9th Largest Position

PFG Investments LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,499 shares of the exchange traded fund’s stock after acquiring an additional 3,072 shares during the quarter. Invesco QQQ comprises about 1.1% of PFG Investments LLC’s investment portfolio, making the stock its 9th biggest position. PFG Investments LLC’s holdings in Invesco QQQ were worth $17,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ in the 1st quarter worth about $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the second quarter worth about $30,000. Chelsea Counsel Co. purchased a new position in shares of Invesco QQQ during the first quarter valued at approximately $40,000. CGC Financial Services LLC grew its stake in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares during 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 worth $46,000 after buying an additional 24 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $495.32 on Friday. The stock has a 50 day moving average price of $480.51 and a 200 day moving average price of $466.85. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The business 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 dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.