Guardian Wealth Advisors LLC Decreases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Guardian Wealth Advisors LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,258 shares of the exchange traded fund’s stock after selling 1,729 shares during the quarter. Invesco QQQ makes up about 5.2% of Guardian Wealth Advisors LLC’s investment portfolio, making the stock its 7th largest position. Guardian Wealth Advisors LLC’s holdings in Invesco QQQ were worth $8,423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the 1st quarter worth $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ in the second quarter valued at about $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ during the 1st quarter worth approximately $40,000. CGC Financial Services LLC lifted its stake in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares in the last quarter. Finally, Legacy Bridge LLC increased its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.7 %

QQQ opened at $500.02 on Tuesday. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58. The firm’s fifty day simple moving average is $490.25 and its 200 day simple moving average is $475.35.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued 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 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.