Arkansas Financial Group Inc. lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,581 shares of the exchange traded fund's stock after purchasing an additional 6,802 shares during the quarter. Invesco QQQ accounts for approximately 2.8% of Arkansas Financial Group Inc.'s investment portfolio, making the stock its 10th largest position. Arkansas Financial Group Inc.'s holdings in Invesco QQQ were worth $18,342,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the 1st quarter valued at about $28,000. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ in the first quarter worth $29,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ during the second quarter valued at $30,000. Voisard Asset Management Group Inc. bought a new position in shares of Invesco QQQ in the fourth quarter worth about $35,000. Finally, Chelsea Counsel Co. purchased a new position in Invesco QQQ in the 1st quarter worth about $40,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
QQQ stock traded up $5.73 during mid-day trading on Friday, reaching $487.32. The company had a trading volume of 30,744,909 shares, compared to its average volume of 39,685,844. The firm has a 50 day moving average of $469.56 and a 200 day moving average of $461.68. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.56%.
About Invesco QQQ
(
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.
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