AllGen Financial Advisors Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,544 shares of the exchange traded fund’s stock after acquiring an additional 1,479 shares during the period. Invesco QQQ makes up about 1.8% of AllGen Financial Advisors Inc.’s holdings, making the stock its 13th biggest position. AllGen Financial Advisors Inc.’s holdings in Invesco QQQ were worth $7,706,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sovran Advisors LLC raised its position in shares of Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after buying an additional 1,340 shares in the last quarter. Fifth Third Securities Inc. raised its position in shares of Invesco QQQ by 2.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after buying an additional 2,822 shares in the last quarter. SK Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at $803,000. Corepath Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 19.7% during the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Great Point Wealth Advisors LLC bought a new position in shares of Invesco QQQ during the 3rd quarter valued at $507,000. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Up 0.7%
QQQ stock opened at $610.19 on Friday. Invesco QQQ has a 52 week low of $427.93 and a 52 week high of $637.01. The firm’s fifty day moving average is $599.56 and its 200 day moving average is $609.29.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.5%.
Invesco QQQ News Summary
Here are the key news stories impacting Invesco QQQ this week:
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.
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