Darden Wealth Group Inc Has $1.04 Million Position in Invesco QQQ (NASDAQ:QQQ)

Darden Wealth Group Inc lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,139 shares of the exchange traded fund’s stock after acquiring an additional 41 shares during the period. Darden Wealth Group Inc’s holdings in Invesco QQQ were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the 1st quarter valued at about $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ during the 2nd quarter valued at about $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ during the 1st quarter valued at about $40,000. CGC Financial Services LLC boosted its stake in Invesco QQQ by 736.4% during 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 last quarter. Finally, PFG Private Wealth Management LLC boosted its stake in Invesco QQQ by 572.2% during the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 103 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $505.17 on Friday. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58. The stock’s 50 day moving average price is $492.47 and its 200-day moving average price is $476.22.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.54%.

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.