Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV raised its stake in Invesco QQQ (NASDAQ:QQQ) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,815 shares of the exchange traded fund’s stock after buying an additional 169 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Invesco QQQ were worth $2,838,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. WFA Asset Management Corp lifted its stake in Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after acquiring an additional 1,894 shares in the last quarter. PBCay One RSC Ltd lifted its position in shares of Invesco QQQ by 6.2% during the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after purchasing an additional 22,000 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its stake in shares of Invesco QQQ by 10.5% in the first quarter. Chevy Chase Trust Holdings LLC now owns 5,483 shares of the exchange traded fund’s stock valued at $2,435,000 after purchasing an additional 519 shares during the period. Gallacher Capital Management LLC acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $218,000. Finally, MGB Wealth Management LLC grew its holdings in shares of Invesco QQQ by 0.8% in the first quarter. MGB Wealth Management LLC now owns 26,829 shares of the exchange traded fund’s stock valued at $11,914,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.7 %

Invesco QQQ stock opened at $505.58 on Thursday. Invesco QQQ has a 52-week low of $369.05 and a 52-week high of $506.41. The company’s 50 day moving average is $483.00 and its two-hundred day moving average is $470.34.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

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.