GM Advisory Group LLC Buys 53 Shares of Invesco QQQ (NASDAQ:QQQ)

GM Advisory Group LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,981 shares of the exchange traded fund’s stock after acquiring an additional 53 shares during the period. GM Advisory Group LLC’s holdings in Invesco QQQ were worth $967,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ in the 1st quarter worth about $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the second quarter worth approximately $30,000. Chelsea Counsel Co. bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $40,000. CGC Financial Services LLC boosted its holdings in shares of Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 103 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.4 %

QQQ stock opened at $505.17 on Friday. The business has a fifty day moving average price of $492.47 and a 200 day moving average price of $476.22. Invesco QQQ has a fifty-two week low of $382.66 and a fifty-two week high of $515.58.

Invesco QQQ Cuts Dividend

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

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.