Armstrong Advisory Group Inc. Acquires 370 Shares of Invesco QQQ (NASDAQ:QQQ)

Armstrong Advisory Group Inc. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,663 shares of the exchange traded fund’s stock after buying an additional 370 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in Invesco QQQ were worth $4,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of QQQ. Sheridan Capital Management LLC increased its position in shares of Invesco QQQ by 2.0% during the third quarter. Sheridan Capital Management LLC now owns 2,606 shares of the exchange traded fund’s stock valued at $1,272,000 after buying an additional 50 shares during the period. Sound Income Strategies LLC grew its stake in Invesco QQQ by 90.1% during the third quarter. Sound Income Strategies LLC now owns 11,450 shares of the exchange traded fund’s stock valued at $5,589,000 after acquiring an additional 5,428 shares in the last quarter. CVA Family Office LLC increased its holdings in Invesco QQQ by 85.9% during the 3rd quarter. CVA Family Office LLC now owns 7,918 shares of the exchange traded fund’s stock worth $3,865,000 after acquiring an additional 3,658 shares during the period. McGuire Investment Group LLC lifted its stake in Invesco QQQ by 0.5% in the 3rd quarter. McGuire Investment Group LLC now owns 10,646 shares of the exchange traded fund’s stock worth $5,196,000 after purchasing an additional 57 shares in the last quarter. Finally, Willner & Heller LLC boosted its holdings in Invesco QQQ by 1.4% in the 3rd quarter. Willner & Heller LLC now owns 2,844 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 39 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $493.36 on Monday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The company has a fifty day moving average price of $472.55 and a 200-day moving average price of $463.40.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

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.