E&G Advisors LP Buys 1,149 Shares of Invesco QQQ (NASDAQ:QQQ)

E&G Advisors LP increased its stake in Invesco QQQ (NASDAQ:QQQ) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,863 shares of the exchange traded fund’s stock after purchasing an additional 1,149 shares during the period. Invesco QQQ makes up 3.8% of E&G Advisors LP’s holdings, making the stock its 4th largest position. E&G Advisors LP’s holdings in Invesco QQQ were worth $13,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Congress Asset Management Co. MA acquired a new position in Invesco QQQ during the first quarter worth $215,000. Bangor Savings Bank grew its holdings in shares of Invesco QQQ by 29.6% in the 1st quarter. Bangor Savings Bank now owns 875 shares of the exchange traded fund’s stock valued at $389,000 after acquiring an additional 200 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of Invesco QQQ by 0.7% in the first quarter. Salem Investment Counselors Inc. now owns 5,816 shares of the exchange traded fund’s stock valued at $2,586,000 after acquiring an additional 42 shares during the last quarter. High Net Worth Advisory Group LLC raised its holdings in Invesco QQQ by 17.5% during the first quarter. High Net Worth Advisory Group LLC now owns 826 shares of the exchange traded fund’s stock worth $367,000 after acquiring an additional 123 shares in the last quarter. Finally, Northwest Investment Counselors LLC raised its holdings in Invesco QQQ by 5.0% during the first quarter. Northwest Investment Counselors LLC now owns 2,327 shares of the exchange traded fund’s stock worth $1,033,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $494.47 on Friday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The business has a 50 day moving average price of $477.68 and a two-hundred day moving average price of $464.99.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date is Monday, September 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.