TFG Advisers LLC Acquires 96 Shares of Invesco QQQ (NASDAQ:QQQ)

TFG Advisers LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,753 shares of the exchange traded fund’s stock after acquiring an additional 96 shares during the quarter. TFG Advisers LLC’s holdings in Invesco QQQ were worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of QQQ. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the first quarter valued at about $28,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $40,000. CGC Financial Services LLC increased its position in shares of Invesco QQQ by 736.4% during 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 period. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in shares of Invesco QQQ by 30.4% in the first 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 owned by institutional investors.

Invesco QQQ Trading Down 1.5 %

QQQ opened at $488.36 on Thursday. The firm’s fifty day moving average price is $479.75 and its two-hundred day moving average price is $466.12. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

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.