Pathway Financial Advisers LLC Invests $185,000 in Invesco QQQ (NASDAQ:QQQ)

Pathway Financial Advisers LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 416 shares of the exchange traded fund’s stock, valued at approximately $185,000.

Several other institutional investors have also made changes to their positions in the stock. Summit X LLC lifted its holdings in shares of Invesco QQQ by 0.4% during the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after buying an additional 24 shares in the last quarter. CarsonAllaria Wealth Management Ltd. lifted its stake in shares of Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 24 shares during the period. Second Line Capital LLC lifted its stake in shares of Invesco QQQ by 2.6% in the first quarter. Second Line Capital LLC now owns 951 shares of the exchange traded fund’s stock worth $422,000 after acquiring an additional 24 shares during the period. Cedrus LLC lifted its stake in Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after buying an additional 25 shares during the period. Finally, Waterfront Wealth Inc. lifted its stake in Invesco QQQ by 3.1% in the fourth quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after buying an additional 25 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 2.4 %

Shares of NASDAQ QQQ traded down $10.91 during midday trading on Friday, hitting $448.75. 66,323,244 shares of the stock traded hands, compared to its average volume of 39,428,968. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business has a 50 day moving average price of $475.15 and a two-hundred day moving average price of $449.19.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

Invesco QQQ 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.