Patriot Financial Group Insurance Agency LLC Boosts Position in Invesco QQQ (NASDAQ:QQQ)

Patriot Financial Group Insurance Agency LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,337 shares of the exchange traded fund’s stock after acquiring an additional 394 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Invesco QQQ were worth $1,629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the 1st quarter worth approximately $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the second quarter valued at $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ in the first quarter valued at $40,000. CGC Financial Services LLC raised its position in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake in shares of Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded up $1.17 on Monday, hitting $496.49. The company’s stock had a trading volume of 8,380,531 shares, compared to its average volume of 38,684,020. Invesco QQQ has a 1 year low of $346.45 and a 1 year high of $503.52. The firm has a fifty day moving average price of $480.51 and a 200-day moving average price of $467.05.

Invesco QQQ Cuts Dividend

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

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.