1,055 Shares in Invesco QQQ $QQQ Purchased by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,055 shares of the exchange traded fund’s stock, valued at approximately $582,000.

Other large investors also recently modified their holdings of the company. Compass Financial Services Inc raised its holdings in Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock worth $2,345,000 after purchasing an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. grew its holdings in Invesco QQQ by 4.2% during the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after acquiring an additional 20 shares during the period. Barrett & Company Inc. lifted its holdings in Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 20 shares during the last quarter. waypoint wealth counsel grew its holdings in shares of Invesco QQQ by 0.6% in the 2nd quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock worth $1,964,000 after acquiring an additional 20 shares during the last quarter. Finally, Investment Advisory Group LLC lifted its holdings in shares of Invesco QQQ by 0.4% during the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock valued at $3,158,000 after purchasing an additional 20 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 1.9%

Shares of QQQ opened at $613.62 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The company has a 50-day moving average of $613.64 and a two-hundred day moving average of $580.58.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd.

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.