Professional Financial Advisors LLC Buys New Stake in Invesco QQQ (NASDAQ:QQQ)

Professional Financial Advisors LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,093 shares of the exchange traded fund’s stock, valued at approximately $404,000.

Several other hedge funds also recently made changes to their positions in the business. Ironwood Wealth Management LLC. grew its holdings in shares of Invesco QQQ by 7.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after purchasing an additional 381 shares in the last quarter. Axiom Financial Strategies LLC increased its stake in shares of Invesco QQQ by 11.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock valued at $255,000 after buying an additional 85 shares during the period. Roundview Capital LLC raised its position in shares of Invesco QQQ by 0.9% during the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock valued at $19,332,000 after acquiring an additional 495 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Invesco QQQ by 11.2% in the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock valued at $997,000 after purchasing an additional 278 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Invesco QQQ by 309.2% in the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after purchasing an additional 337 shares during the period. Institutional investors and hedge funds own 43.95% of the company’s stock.

Invesco QQQ Trading Down 0.0 %

Shares of QQQ stock opened at $370.66 on Tuesday. The firm’s fifty day moving average price is $373.20 and its two-hundred day moving average price is $348.47. Invesco QQQ has a 1 year low of $254.26 and a 1 year high of $387.98.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 19th will be issued a dividend of $0.5389 per share. The ex-dividend date of this dividend is Monday, September 18th.

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.