Invesco QQQ (NASDAQ:QQQ) Shares Bought by AllGen Financial Advisors Inc.

AllGen Financial Advisors Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,599 shares of the exchange traded fund’s stock after purchasing an additional 290 shares during the period. Invesco QQQ makes up about 2.3% of AllGen Financial Advisors Inc.’s holdings, making the stock its 12th biggest position. AllGen Financial Advisors Inc.’s holdings in Invesco QQQ were worth $7,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Westwood Holdings Group Inc. grew its holdings in shares of Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares during the period. Socha Financial Group LLC grew its holdings in shares of Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after acquiring an additional 1,153 shares during the period. SVB Wealth LLC grew its holdings in shares of Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares during the period. WFA Asset Management Corp grew its holdings in shares of Invesco QQQ by 70.6% in the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after acquiring an additional 1,894 shares during the period. Finally, Daymark Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 30.4% in the 2nd quarter. Daymark Wealth Partners LLC now owns 17,239 shares of the exchange traded fund’s stock worth $8,259,000 after acquiring an additional 4,015 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $495.32 on Friday. The stock’s 50 day simple moving average is $480.51 and its 200 day simple moving average is $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 business also recently announced 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 0.55%. The ex-dividend date is Monday, September 23rd.

About Invesco QQQ

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.