Invesco QQQ $QQQ Stake Boosted by Arkansas Financial Group Inc.

Arkansas Financial Group Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,112 shares of the exchange traded fund’s stock after purchasing an additional 6,931 shares during the period. Invesco QQQ comprises 5.9% of Arkansas Financial Group Inc.’s investment portfolio, making the stock its 6th largest position. Arkansas Financial Group Inc.’s holdings in Invesco QQQ were worth $40,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Goodman Advisory Group LLC purchased a new position in shares of Invesco QQQ during the third quarter valued at approximately $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ in the third quarter worth $27,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Invesco QQQ in the third quarter worth approximately $40,000. PayPay Securities Corp boosted its holdings in shares of Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 30 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Invesco QQQ in the third quarter worth approximately $42,000. Institutional investors own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Stock Up 1.9%

Shares of Invesco QQQ stock opened at $664.10 on Friday. Invesco QQQ has a one year low of $462.43 and a one year high of $664.51. The stock’s fifty day moving average is $606.10 and its 200 day moving average is $612.35.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.

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.

Further Reading

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

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