Invesco QQQ (NASDAQ:QQQ) Holdings Raised by Investment Advisory Group LLC

Investment Advisory Group LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,238 shares of the exchange traded fund’s stock after acquiring an additional 212 shares during the period. Invesco QQQ accounts for 0.9% of Investment Advisory Group LLC’s investment portfolio, making the stock its 28th biggest holding. Investment Advisory Group LLC’s holdings in Invesco QQQ were worth $2,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Atwater Malick LLC bought a new stake in Invesco QQQ in the first quarter worth approximately $293,000. Westwood Holdings Group Inc. lifted its holdings in Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares during the last quarter. GenWealth Group Inc. grew its holdings in Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after purchasing an additional 2,325 shares during the last quarter. Socha Financial Group LLC boosted its holdings in shares of Invesco QQQ by 1.3% during the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after buying an additional 1,153 shares during the period. Finally, SVB Wealth LLC boosted its holdings in shares of Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after buying an additional 2,453 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ traded down $6.65 during trading on Tuesday, hitting $490.85. The stock had a trading volume of 34,690,269 shares, compared to its average volume of 39,221,578. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The company has a 50 day simple moving average of $473.79 and a 200-day simple moving average of $463.77.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 annualized dividend 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.