Net Worth Advisory Group Takes Position in Invesco QQQ (NASDAQ:QQQ)

Net Worth Advisory Group acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,414 shares of the exchange traded fund’s stock, valued at approximately $1,666,000.

Other large investors also recently added to or reduced their stakes in the company. Atwater Malick LLC purchased a new position in shares of Invesco QQQ in the 1st quarter worth about $293,000. Westwood Holdings Group Inc. grew its position in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after acquiring an additional 1,993 shares during the last quarter. GenWealth Group Inc. raised its stake in shares of Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after acquiring an additional 2,325 shares in the last quarter. Socha Financial Group LLC lifted its holdings in shares of Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after acquiring an additional 1,153 shares during the last quarter. Finally, SVB Wealth LLC lifted its holdings in shares of Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

QQQ stock opened at $494.47 on Friday. The firm’s fifty day moving average is $477.68 and its 200 day moving average is $464.82. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

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.