AllGen Financial Advisors Inc. Purchases 723 Shares of Invesco QQQ (NASDAQ:QQQ)

AllGen Financial Advisors Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,847 shares of the exchange traded fund's stock after acquiring an additional 723 shares during the period. Invesco QQQ comprises 2.1% of AllGen Financial Advisors Inc.'s holdings, making the stock its 13th largest holding. AllGen Financial Advisors Inc.'s holdings in Invesco QQQ were worth $6,962,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. BlueChip Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 3.6% during the 1st quarter. BlueChip Wealth Advisors LLC now owns 12,255 shares of the exchange traded fund's stock worth $5,747,000 after acquiring an additional 427 shares in the last quarter. Milestone Asset Management Group LLC grew its stake in shares of Invesco QQQ by 2.8% during the first quarter. Milestone Asset Management Group LLC now owns 11,943 shares of the exchange traded fund's stock worth $5,600,000 after buying an additional 328 shares during the last quarter. Summit Asset Management LLC increased its holdings in shares of Invesco QQQ by 1.2% during the first quarter. Summit Asset Management LLC now owns 3,773 shares of the exchange traded fund's stock worth $1,769,000 after buying an additional 45 shares in the last quarter. Johns Hopkins University bought a new position in shares of Invesco QQQ in the 1st quarter valued at $99,121,000. Finally, Financial Partners Group Inc boosted its holdings in shares of Invesco QQQ by 1.3% during the 1st quarter. Financial Partners Group Inc now owns 10,969 shares of the exchange traded fund's stock valued at $5,144,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.4%

Shares of NASDAQ QQQ traded up $2.15 during mid-day trading on Friday, hitting $567.16. 19,309,789 shares of the stock traded hands, compared to its average volume of 44,675,789. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $567.70. The firm has a 50 day simple moving average of $538.24 and a two-hundred day simple moving average of $508.49.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Monday, June 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.