Arkos Global Advisors Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Arkos Global Advisors increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,609 shares of the exchange traded fund’s stock after acquiring an additional 121 shares during the quarter. Arkos Global Advisors’ holdings in Invesco QQQ were worth $771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of QQQ. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ during the first quarter valued at about $28,000. Deane Retirement Strategies Inc. bought a new position in Invesco QQQ during the 1st quarter valued at approximately $29,000. Mechanics Financial Corp bought a new position in Invesco QQQ during the 2nd quarter valued at approximately $30,000. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $35,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ opened at $486.75 on Friday. The stock’s 50 day moving average price is $468.10 and its 200-day moving average price is $459.96. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date 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.