RIA Advisory Group LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,251 shares of the exchange traded fund's stock, valued at approximately $5,980,000. Invesco QQQ makes up about 2.1% of RIA Advisory Group LLC's investment portfolio, making the stock its 7th biggest holding.
Several other large investors also recently bought and sold shares of the business. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ in the first quarter valued at $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ in the second quarter worth approximately $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ during the 1st quarter valued at $40,000. CGC Financial Services LLC increased its stake in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund's stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, PFG Private Wealth Management LLC boosted its stake in shares of Invesco QQQ by 572.2% during the second 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 period. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Down 2.4 %
QQQ stock traded down $12.12 during trading on Friday, hitting $496.57. The company had a trading volume of 51,461,054 shares, compared to its average volume of 38,252,949. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The company has a 50 day simple moving average of $489.33 and a 200-day simple moving average of $474.11.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.
Invesco QQQ Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
