Sather Financial Group Inc Buys New Position in Invesco QQQ (NASDAQ:QQQ)

Sather Financial Group Inc bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,153 shares of the exchange traded fund's stock, valued at approximately $563,000.

Several other institutional investors also recently made changes to their positions in QQQ. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at about $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ during the second quarter valued at $30,000. Chelsea Counsel Co. bought a new position in shares of Invesco QQQ in the first quarter valued at about $40,000. CGC Financial Services LLC grew its position in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund's stock worth $44,000 after buying an additional 81 shares during the period. Finally, PFG Private Wealth Management LLC grew its position in shares of 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 worth $58,000 after buying an additional 103 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 2.4 %

Shares of Invesco QQQ stock traded down $12.12 on Friday, reaching $496.57. 51,461,054 shares of the company were exchanged, compared to its average volume of 29,269,732. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58. The company has a 50-day moving average of $489.33 and a 200 day moving average of $474.46.

Invesco QQQ Cuts Dividend

The firm 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. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date was Monday, September 23rd.

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.