Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Financial Guidance Group Inc.

Financial Guidance Group Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 1st quarter, HoldingsChannel reports. The firm owned 22,089 shares of the exchange traded fund’s stock after buying an additional 190 shares during the quarter. Invesco QQQ makes up about 6.4% of Financial Guidance Group Inc.’s investment portfolio, making the stock its 3rd largest position. Financial Guidance Group Inc.’s holdings in Invesco QQQ were worth $9,808,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Summit X LLC boosted its holdings in Invesco QQQ by 0.4% in the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after buying an additional 24 shares during the period. IMA Wealth Inc. grew its holdings in shares of Invesco QQQ by 1.3% in the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 25 shares during the last quarter. S.A. Mason LLC grew its holdings in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after acquiring an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC increased its holdings in Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares during the period. Finally, Cedrus LLC lifted its stake in Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 25 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $5.12 during midday trading on Friday, hitting $496.16. 28,495,936 shares of the company traded hands, compared to its average volume of 25,387,020. The stock has a 50-day moving average price of $461.28 and a 200 day moving average price of $439.25. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $496.60.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be given a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

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.