Invesco QQQ (NASDAQ:QQQ) Shares Bought by Alliance Wealth Management Group

Alliance Wealth Management Group boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 30.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,562 shares of the exchange traded fund’s stock after buying an additional 595 shares during the quarter. Alliance Wealth Management Group’s holdings in Invesco QQQ were worth $1,250,000 as of its most recent SEC filing.

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

Invesco QQQ Trading Up 0.2 %

Invesco QQQ stock opened at $505.79 on Monday. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The company’s 50 day moving average is $493.08 and its two-hundred day moving average is $477.19.

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 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.