Sargent Investment Group LLC Takes $449,000 Position in Invesco QQQ $QQQ

Sargent Investment Group LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 731 shares of the exchange traded fund’s stock, valued at approximately $449,000.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. Goodman Advisory Group LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $25,000. Shcp LLC bought a new position in Invesco QQQ in the third quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC grew its position in Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 43 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new position in Invesco QQQ in the fourth quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Invesco QQQ in the third quarter valued at $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 3.1%

Invesco QQQ stock opened at $744.00 on Tuesday. Invesco QQQ has a 1-year low of $523.65 and a 1-year high of $748.65. The company has a fifty day simple moving average of $684.09 and a 200 day simple moving average of $636.34.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.

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.