Invesco QQQ (NASDAQ:QQQ) Shares Purchased by FRG Family Wealth Advisors LLC

FRG Family Wealth Advisors LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,670 shares of the exchange traded fund’s stock after purchasing an additional 60 shares during the period. FRG Family Wealth Advisors LLC’s holdings in Invesco QQQ were worth $815,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mechanics Financial Corp bought a new stake in Invesco QQQ in the second quarter valued at $30,000. CGC Financial Services LLC lifted its position in Invesco QQQ by 736.4% in the 2nd 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 during the last quarter. Legacy Bridge LLC boosted its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ in the 3rd quarter worth about $62,000. Finally, CarsonAllaria Wealth Management Ltd. increased its stake in shares of Invesco QQQ by 27.2% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund’s stock valued at $63,000 after purchasing an additional 28 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.8 %

Shares of NASDAQ QQQ opened at $522.38 on Tuesday. Invesco QQQ has a 12-month low of $391.53 and a 12-month high of $526.72. The stock has a 50 day simple moving average of $500.28 and a 200-day simple moving average of $482.21.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.52%.

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.