AA Financial Advisors LLC Increases Stake in Invesco QQQ (NASDAQ:QQQ)

AA Financial Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 27.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,342 shares of the exchange traded fund’s stock after acquiring an additional 727 shares during the quarter. AA Financial Advisors LLC’s holdings in Invesco QQQ were worth $1,631,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the first quarter worth approximately $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $40,000. CGC Financial Services LLC raised its holdings 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 in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in shares of Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

Shares of QQQ stock opened at $494.47 on Friday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The firm has a fifty day moving average price of $477.68 and a 200 day moving average price of $464.99.

Invesco QQQ Cuts Dividend

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

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.