Investment Research & Advisory Group Inc. Has $93,000 Holdings in Invesco QQQ $QQQ

Key Points

• Investment Research & Advisory Group Inc. significantly reduced its holdings in Invesco QQQ by 85.8% during the 2nd quarter, leaving them with a total of 168 shares valued at $93,000.
• Invesco QQQ announced a quarterly dividend increase to $0.694 per share, reflecting a positive change from its previous dividend of $0.59 and indicating an annualized yield of 0.5%.
• Institutional investors collectively own 44.58% of Invesco QQQ, with several firms acquiring new positions or increasing their stakes in the ETF during the first quarter.

Investment Research & Advisory Group Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 85.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168 shares of the exchange traded fund's stock after selling 1,016 shares during the quarter. Investment Research & Advisory Group Inc.'s holdings in Invesco QQQ were worth $93,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of QQQ. Sendero Wealth Management LLC acquired a new position in Invesco QQQ during the first quarter worth $273,000. GSG Advisors LLC grew its holdings in shares of Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after acquiring an additional 585 shares in the last quarter. Amundi increased its position in shares of Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock valued at $49,980,000 after acquiring an additional 6,600 shares during the last quarter. Orser Capital Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $566,000. Finally, Jackson Wealth Management LLC raised its holdings in Invesco QQQ by 8.6% during the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock worth $9,428,000 after acquiring an additional 1,586 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $595.97 on Monday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $602.87. The business has a 50 day moving average price of $576.04 and a two-hundred day moving average price of $528.24.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

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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