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.
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