451 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Plan Group Financial LLC

Plan Group Financial LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 451 shares of the exchange traded fund’s stock, valued at approximately $220,000.

Several other hedge funds also recently modified their holdings of the business. 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 acquired a new position in Invesco QQQ during the 2nd quarter worth $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ during the first quarter valued at about $40,000. CGC Financial Services LLC boosted its holdings in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its position in shares of Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.5 %

Invesco QQQ stock opened at $488.36 on Thursday. The business’s 50-day simple moving average is $479.75 and its 200-day simple moving average is $466.12. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.