Guidance Capital Inc. Has $3.07 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Guidance Capital Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 8.0% in the third quarter, Holdings Channel reports. The fund owned 6,201 shares of the exchange traded fund’s stock after purchasing an additional 458 shares during the quarter. Invesco QQQ accounts for approximately 1.0% of Guidance Capital Inc.’s investment portfolio, making the stock its 20th largest holding. Guidance Capital Inc.’s holdings in Invesco QQQ were worth $3,066,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in QQQ. GoalVest Advisory LLC increased its holdings in Invesco QQQ by 222.8% in the 1st quarter. GoalVest Advisory LLC now owns 326 shares of the exchange traded fund’s stock worth $145,000 after purchasing an additional 225 shares in the last quarter. Sandbox Financial Partners LLC raised its holdings in Invesco QQQ by 5.2% in the 1st quarter. Sandbox Financial Partners LLC now owns 11,383 shares of the exchange traded fund’s stock valued at $5,054,000 after buying an additional 565 shares during the last quarter. Investment Partners Asset Management Inc. boosted its position in Invesco QQQ by 0.9% during the 1st quarter. Investment Partners Asset Management Inc. now owns 3,192 shares of the exchange traded fund’s stock worth $1,417,000 after buying an additional 27 shares during the period. Arkansas Financial Group Inc. grew its holdings in Invesco QQQ by 2.3% during the 1st quarter. Arkansas Financial Group Inc. now owns 30,824 shares of the exchange traded fund’s stock worth $13,686,000 after acquiring an additional 704 shares during the last quarter. Finally, ERn Financial LLC grew its holdings in Invesco QQQ by 4.5% during the 1st quarter. ERn Financial LLC now owns 586 shares of the exchange traded fund’s stock worth $260,000 after acquiring an additional 25 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.5 %

QQQ stock opened at $488.36 on Thursday. The company has a fifty day moving average price of $479.75 and a 200-day moving average price of $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 business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date is 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.