Advisory Resource Group Purchases 791 Shares of Invesco QQQ (NASDAQ:QQQ)

Advisory Resource Group increased its position in Invesco QQQ (NASDAQ:QQQ) by 5.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,457 shares of the exchange traded fund’s stock after buying an additional 791 shares during the quarter. Invesco QQQ accounts for approximately 1.5% of Advisory Resource Group’s investment portfolio, making the stock its 14th largest position. Advisory Resource Group’s holdings in Invesco QQQ were worth $7,056,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Invesco QQQ by 5.0% during the first quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock worth $7,779,000 after buying an additional 832 shares during the period. Lantz Financial LLC bought a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $214,000. ORG Partners LLC acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $767,000. Midwest Financial Group LLC increased its stake in shares of Invesco QQQ by 2.4% in the 2nd quarter. Midwest Financial Group LLC now owns 12,018 shares of the exchange traded fund’s stock valued at $5,758,000 after acquiring an additional 278 shares in the last quarter. Finally, Leavell Investment Management Inc. boosted its stake in Invesco QQQ by 8.0% during the second quarter. Leavell Investment Management Inc. now owns 16,092 shares of the exchange traded fund’s stock worth $7,722,000 after acquiring an additional 1,195 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $524.68 on Wednesday. The firm has a fifty day simple moving average of $500.28 and a two-hundred day simple moving average of $482.21. Invesco QQQ has a 12 month low of $394.41 and a 12 month high of $526.72.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.52%.

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.