2,547 Shares in Invesco QQQ $QQQ Bought by PFG Private Wealth Management LLC

PFG Private Wealth Management LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 3rd quarter, Holdings Channel reports. The firm bought 2,547 shares of the exchange traded fund’s stock, valued at approximately $1,529,000.

Several other hedge funds have also bought and sold shares of QQQ. Orgel Wealth Management LLC grew its stake in shares of Invesco QQQ by 4.7% during the 3rd quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock valued at $229,000 after acquiring an additional 17 shares during the period. Enclave Advisors LLC lifted its holdings in Invesco QQQ by 0.9% during the third quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock valued at $1,099,000 after purchasing an additional 17 shares in the last quarter. IFS Advisors LLC lifted its holdings in Invesco QQQ by 4.1% during the third quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock valued at $259,000 after purchasing an additional 17 shares in the last quarter. Mezzasalma Advisors LLC boosted its position in shares of Invesco QQQ by 0.5% in the third quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock worth $1,988,000 after purchasing an additional 17 shares during the period. Finally, TCV Trust & Wealth Management Inc. increased its stake in shares of Invesco QQQ by 1.4% in the third quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $748,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $613.11 on Thursday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The company’s fifty day moving average price is $619.22 and its 200-day moving average price is $603.29.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $0.7941 dividend. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd.

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.