Guardian Wealth Advisors LLC Sells 1,729 Shares of Invesco QQQ (NASDAQ:QQQ)

Guardian Wealth Advisors LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,258 shares of the exchange traded fund's stock after selling 1,729 shares during the period. Invesco QQQ makes up approximately 5.2% of Guardian Wealth Advisors LLC's portfolio, making the stock its 7th biggest holding. Guardian Wealth Advisors LLC's holdings in Invesco QQQ were worth $8,423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ during the 2nd quarter worth $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ during the first quarter worth $40,000. CGC Financial Services LLC grew its position in shares of Invesco QQQ by 736.4% in the second 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. Finally, Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ traded up $2.87 during mid-day trading on Tuesday, hitting $502.89. The company had a trading volume of 18,924,061 shares, compared to its average volume of 38,117,750. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58. The business's 50-day simple moving average is $490.25 and its 200-day simple moving average is $475.35.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend 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.