SFG Wealth Management LLC. Has $774,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

SFG Wealth Management LLC. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.2% during the third quarter, Holdings Channel reports. The firm owned 1,585 shares of the exchange traded fund’s stock after purchasing an additional 92 shares during the period. SFG Wealth Management LLC.’s holdings in Invesco QQQ were worth $774,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ in the 2nd quarter worth $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ during the 1st quarter worth $40,000. CGC Financial Services LLC boosted its holdings in 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 acquiring an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its position 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 purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.0 %

Shares of Invesco QQQ stock traded down $0.24 during trading on Friday, reaching $513.30. The company’s stock had a trading volume of 5,075,387 shares, compared to its average volume of 38,339,629. The business’s fifty day moving average price is $483.00 and its 200-day moving average price is $470.34. Invesco QQQ has a one year low of $369.57 and a one year high of $514.33.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%.

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.