Advisory Resource Group Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Advisory Resource Group grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,606 shares of the exchange traded fund's stock after purchasing an additional 2,286 shares during the quarter. Invesco QQQ makes up approximately 1.6% of Advisory Resource Group's holdings, making the stock its 14th biggest position. Advisory Resource Group's holdings in Invesco QQQ were worth $7,787,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $36,000. Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth $51,000. Banque Transatlantique SA bought a new position in Invesco QQQ in the 4th quarter worth $57,000. Finally, Perritt Capital Management Inc purchased a new position in Invesco QQQ during the fourth quarter valued at $61,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $528.99 on Friday. The business has a 50-day simple moving average of $499.12 and a two-hundred day simple moving average of $503.35. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.

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