RPg Family Wealth Advisory LLC Has $594,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

RPg Family Wealth Advisory LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 19.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,216 shares of the exchange traded fund’s stock after selling 292 shares during the quarter. RPg Family Wealth Advisory LLC’s holdings in Invesco QQQ were worth $594,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ in the first quarter worth $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the 2nd quarter valued at $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ in the 1st quarter worth $40,000. CGC Financial Services LLC increased its holdings in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, PFG Private Wealth Management LLC raised its position in shares of Invesco QQQ by 572.2% during the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 103 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $508.20 on Wednesday. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58. The business’s 50-day simple moving average is $494.46 and its 200 day simple moving average is $478.12.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given 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 0.53%.

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.