Reyes Financial Architecture Inc. Boosts Position in Invesco QQQ $QQQ

Reyes Financial Architecture Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4,046.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,128 shares of the exchange traded fund's stock after acquiring an additional 7,932 shares during the quarter. Invesco QQQ accounts for about 3.9% of Reyes Financial Architecture Inc.'s portfolio, making the stock its 6th largest position. Reyes Financial Architecture Inc.'s holdings in Invesco QQQ were worth $4,484,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Presidio Capital Management LLC grew its holdings in Invesco QQQ by 38.7% during the 2nd quarter. Presidio Capital Management LLC now owns 104,200 shares of the exchange traded fund's stock worth $57,481,000 after acquiring an additional 29,061 shares during the last quarter. Sandy Cove Advisors LLC grew its holdings in Invesco QQQ by 2.5% during the 2nd quarter. Sandy Cove Advisors LLC now owns 17,521 shares of the exchange traded fund's stock worth $9,666,000 after acquiring an additional 423 shares during the last quarter. Sandbox Financial Partners LLC grew its holdings in Invesco QQQ by 2.0% during the 2nd quarter. Sandbox Financial Partners LLC now owns 14,198 shares of the exchange traded fund's stock worth $7,832,000 after acquiring an additional 279 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Invesco QQQ by 12.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,404 shares of the exchange traded fund's stock worth $775,000 after acquiring an additional 152 shares during the last quarter. Finally, Strategic Advocates LLC grew its holdings in Invesco QQQ by 2.1% during the 2nd quarter. Strategic Advocates LLC now owns 54,548 shares of the exchange traded fund's stock worth $30,091,000 after acquiring an additional 1,097 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $591.68 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $591.79. The company's 50 day moving average price is $569.03 and its two-hundred day moving average price is $521.27.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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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