Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 16.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,052 shares of the exchange traded fund’s stock after acquiring an additional 7,069 shares during the period. Invesco QQQ makes up about 1.4% of Arkadios Wealth Advisors’ portfolio, making the stock its 9th biggest position. Arkadios Wealth Advisors’ holdings in Invesco QQQ were worth $23,941,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ during the 1st quarter valued at approximately $28,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at approximately $30,000. Chelsea Counsel Co. purchased a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $40,000. CGC Financial Services LLC increased its holdings in shares of Invesco QQQ by 736.4% during the 2nd 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 in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings 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 valued at $46,000 after purchasing an additional 24 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.6 %

NASDAQ:QQQ opened at $495.32 on Friday. The company has a 50 day moving average price of $480.51 and a 200-day moving average price of $466.85. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend 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.