Elios Financial Group Inc. Purchases New Holdings in Invesco QQQ (NASDAQ:QQQ)

Elios Financial Group Inc. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 3,140 shares of the exchange traded fund’s stock, valued at approximately $1,533,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. PBCay One RSC Ltd lifted its stake in Invesco QQQ by 6.2% in the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after purchasing an additional 22,000 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Invesco QQQ by 140.6% in the first quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after buying an additional 142 shares during the period. Vanguard Group Inc. lifted its position in shares of Invesco QQQ by 5.0% in the first quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after buying an additional 832 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $210,000. Finally, Redwood Investment Management LLC bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $252,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $506.59 on Tuesday. The stock’s fifty day simple moving average is $493.75 and its 200 day simple moving average is $477.65. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was 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.