Souders Financial Advisors Has $684,000 Position in Invesco QQQ (NASDAQ:QQQ)

Souders Financial Advisors grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 17.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,401 shares of the exchange traded fund’s stock after buying an additional 206 shares during the quarter. Souders Financial Advisors’ holdings in Invesco QQQ were worth $684,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ in the 2nd quarter valued at $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $40,000. CGC Financial Services LLC raised its position in shares of Invesco QQQ by 736.4% during the second 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 during the last quarter. Finally, PFG Private Wealth Management LLC lifted its stake 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 acquiring an additional 103 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.2 %

Shares of QQQ stock opened at $512.91 on Wednesday. Invesco QQQ has a 12 month low of $375.24 and a 12 month high of $515.58. The stock has a 50-day moving average price of $486.39 and a 200 day moving average price of $473.15.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco QQQ

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.