Financial Guidance Group Inc. Has $11.95 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Financial Guidance Group Inc. raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 12.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,937 shares of the exchange traded fund’s stock after acquiring an additional 2,848 shares during the quarter. Invesco QQQ comprises 7.3% of Financial Guidance Group Inc.’s investment portfolio, making the stock its 2nd biggest holding. Financial Guidance Group Inc.’s holdings in Invesco QQQ were worth $11,947,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Atwater Malick LLC bought a new position in Invesco QQQ during the first quarter worth $293,000. Westwood Holdings Group Inc. grew its stake in shares of 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 valued at $7,173,000 after buying an additional 1,993 shares during the period. Aviance Capital Partners LLC increased its position in Invesco QQQ by 29.7% in the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after buying an additional 1,033 shares in the last quarter. GenWealth Group Inc. raised its stake in Invesco QQQ by 5.8% during the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after buying an additional 2,325 shares during the period. Finally, Fiera Capital Corp boosted its holdings in Invesco QQQ by 1.7% in the fourth quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock worth $268,987,000 after acquiring an additional 11,013 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.1 %

Shares of NASDAQ QQQ traded up $5.15 during mid-day trading on Friday, reaching $480.00. 36,061,508 shares of the company’s stock traded hands, compared to its average volume of 40,708,035. The business has a 50-day simple moving average of $475.08 and a 200 day simple moving average of $453.62. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.63%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th.

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.