Beacon Financial Advisory LLC Purchases 894 Shares of Invesco QQQ (NASDAQ:QQQ)

Beacon Financial Advisory LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 59.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,387 shares of the exchange traded fund's stock after acquiring an additional 894 shares during the quarter. Beacon Financial Advisory LLC's holdings in Invesco QQQ were worth $1,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. Tanager Wealth Management LLP grew its holdings in Invesco QQQ by 31.1% during the 1st quarter. Tanager Wealth Management LLP now owns 2,924 shares of the exchange traded fund's stock valued at $1,373,000 after buying an additional 694 shares in the last quarter. Falcon Wealth Planning lifted its holdings in shares of Invesco QQQ by 21.8% in the first quarter. Falcon Wealth Planning now owns 88,430 shares of the exchange traded fund's stock worth $41,467,000 after buying an additional 15,845 shares in the last quarter. Tranquility Partners LLC boosted its position in shares of Invesco QQQ by 4.6% during the first quarter. Tranquility Partners LLC now owns 3,322 shares of the exchange traded fund's stock worth $1,558,000 after acquiring an additional 145 shares during the last quarter. Nadler Financial Group Inc. grew its stake in Invesco QQQ by 3.6% during the first quarter. Nadler Financial Group Inc. now owns 19,883 shares of the exchange traded fund's stock valued at $9,323,000 after acquiring an additional 690 shares in the last quarter. Finally, HighMark Wealth Management LLC grew its stake in Invesco QQQ by 11.1% during the first quarter. HighMark Wealth Management LLC now owns 452 shares of the exchange traded fund's stock valued at $212,000 after acquiring an additional 45 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.9%

Shares of NASDAQ QQQ opened at $546.22 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $547.35. The firm's fifty day moving average is $507.68 and its two-hundred day moving average is $503.87.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

Invesco QQQ Company 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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