Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Investment Advisory Group LLC

Investment Advisory Group LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,238 shares of the exchange traded fund’s stock after acquiring an additional 212 shares during the quarter. Invesco QQQ comprises about 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the second quarter worth $30,000. Deane Retirement Strategies Inc. purchased a new stake in shares of Invesco QQQ during the first quarter valued at $29,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ during the first quarter valued at $40,000. Finally, CGC Financial Services LLC boosted its position in shares of Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ traded down $6.65 on Tuesday, hitting $490.85. 34,690,269 shares of the company were exchanged, compared to its average volume of 39,221,578. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The company’s 50 day moving average price is $473.79 and its 200-day moving average price is $463.77.

Invesco QQQ Cuts Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

Invesco QQQ Company 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.