Rehmann Capital Advisory Group Purchases 1,365 Shares of Invesco QQQ (NASDAQ:QQQ)

Rehmann Capital Advisory Group increased its position in Invesco QQQ (NASDAQ:QQQ) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,616 shares of the exchange traded fund’s stock after purchasing an additional 1,365 shares during the quarter. Invesco QQQ makes up 0.8% of Rehmann Capital Advisory Group’s portfolio, making the stock its 28th biggest position. Rehmann Capital Advisory Group’s holdings in Invesco QQQ were worth $11,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mechanics Financial Corp bought a new position in shares of Invesco QQQ in the 2nd quarter worth $30,000. CGC Financial Services LLC increased its holdings 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 purchasing an additional 81 shares during the last quarter. Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ during the third quarter worth about $62,000. Finally, CarsonAllaria Wealth Management Ltd. grew its position in shares of Invesco QQQ by 27.2% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund’s stock worth $63,000 after buying an additional 28 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.3 %

Shares of QQQ stock opened at $520.60 on Wednesday. The stock has a 50-day moving average of $500.28 and a 200-day moving average of $482.21. Invesco QQQ has a one year low of $391.53 and a one year high of $526.72.

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 given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was 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.