Bay Colony Advisory Group Inc d b a Bay Colony Advisors Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,749 shares of the exchange traded fund’s stock after purchasing an additional 197 shares during the quarter. Invesco QQQ accounts for 0.7% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ portfolio, making the stock its 23rd largest position. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Invesco QQQ were worth $4,758,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. Sun Life Financial Inc. boosted its stake in Invesco QQQ by 0.3% during the 3rd quarter. Sun Life Financial Inc. now owns 169,660 shares of the exchange traded fund’s stock valued at $82,806,000 after acquiring an additional 480 shares during the last quarter. Hibernia Wealth Partners LLC boosted its stake in Invesco QQQ by 2.3% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 5,507 shares of the exchange traded fund’s stock valued at $2,688,000 after acquiring an additional 123 shares during the last quarter. First American Bank boosted its stake in Invesco QQQ by 8.4% during the 3rd quarter. First American Bank now owns 518 shares of the exchange traded fund’s stock valued at $253,000 after acquiring an additional 40 shares during the last quarter. Ridgepath Capital Management LLC raised its holdings in shares of Invesco QQQ by 381.6% during the third quarter. Ridgepath Capital Management LLC now owns 29,595 shares of the exchange traded fund’s stock worth $14,445,000 after purchasing an additional 23,450 shares during the period. Finally, Platt Investment Counsel LLC raised its holdings in shares of Invesco QQQ by 2.3% during the third quarter. Platt Investment Counsel LLC now owns 45,146 shares of the exchange traded fund’s stock worth $22,034,000 after purchasing an additional 1,002 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.3 %

Shares of NASDAQ:QQQ traded up $1.70 on Monday, reaching $497.02. 2,693,565 shares of the company’s stock were exchanged, compared to its average volume of 38,656,676. Invesco QQQ has a fifty-two week low of $346.45 and a fifty-two week high of $503.52. The business’s 50-day moving average is $480.51 and its two-hundred day moving average is $467.05.

Invesco QQQ Cuts Dividend

The firm 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. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%.

Invesco QQQ Company 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.