Guardian Wealth Advisors LLC Reduces Stake in Invesco QQQ $QQQ

Guardian Wealth Advisors LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 6.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,789 shares of the exchange traded fund’s stock after selling 1,095 shares during the quarter. Invesco QQQ makes up about 5.4% of Guardian Wealth Advisors LLC’s portfolio, making the stock its 7th biggest holding. Guardian Wealth Advisors LLC’s holdings in Invesco QQQ were worth $9,479,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ in the second quarter valued at $30,000. Navigoe LLC raised its position in Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 45 shares in the last quarter. PayPay Securities Corp lifted its stake in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Invesco QQQ in the third quarter valued at $42,000. Finally, Moser Wealth Advisors LLC grew its position in shares of Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $620.76 on Friday. The company’s 50-day moving average is $616.24 and its 200-day moving average is $597.20. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd.

About Invesco QQQ

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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