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RIA Advisory Group LLC Has $37.69 Million Position in Invesco QQQ $QQQ

Invesco QQQ logo with Finance background
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Key Points

  • RIA Advisory Group trimmed its stake in Invesco QQQ by 5.4% to 62,778 shares, a position valued at about $37.69 million that represents roughly 9.7% of the firm's portfolio and is its largest holding.
  • Invesco QQQ raised its quarterly dividend to $0.7941 (annualized $3.18, ~0.5% yield), up from $0.69; the dividend was paid Dec. 31 with an ex-dividend date of Dec. 22.
  • Invesco expanded its lineup with two new ETFs — the Invesco QQQ Equal Weight ETF (QEW) and the Diversified Dividend Opportunities ETF (DVVY) — which could provide alternatives to cap‑weighted QQQ and potentially redirect investor flows.
  • Five stocks we like better than Invesco QQQ.

RIA Advisory Group LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,778 shares of the exchange traded fund's stock after selling 3,601 shares during the period. Invesco QQQ makes up about 9.7% of RIA Advisory Group LLC's investment portfolio, making the stock its biggest position. RIA Advisory Group LLC's holdings in Invesco QQQ were worth $37,690,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Goodman Advisory Group LLC bought a new position in Invesco QQQ in the 3rd quarter worth approximately $25,000. Shcp LLC bought a new position in Invesco QQQ in the 3rd quarter valued at $27,000. Navigoe LLC increased its stake in shares of Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund's stock valued at $36,000 after buying an additional 45 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at $40,000. Finally, PayPay Securities Corp raised its position in shares of Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock worth $41,000 after acquiring an additional 30 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 1.4%

Shares of QQQ opened at $594.85 on Thursday. The stock's fifty day simple moving average is $611.91 and its 200-day simple moving average is $609.22. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.69.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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