E&G Advisors LP Grows Position in Invesco QQQ (NASDAQ:QQQ)

E&G Advisors LP lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,863 shares of the exchange traded fund’s stock after acquiring an additional 1,149 shares during the quarter. Invesco QQQ makes up about 3.8% of E&G Advisors LP’s portfolio, making the stock its 4th biggest holding. E&G Advisors LP’s holdings in Invesco QQQ were worth $13,599,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. AA Financial Advisors LLC boosted its holdings in shares of Invesco QQQ by 27.8% during the 3rd quarter. AA Financial Advisors LLC now owns 3,342 shares of the exchange traded fund’s stock worth $1,631,000 after buying an additional 727 shares during the period. Embree Financial Group lifted its position in Invesco QQQ by 4.4% during the third quarter. Embree Financial Group now owns 115,080 shares of the exchange traded fund’s stock worth $56,167,000 after acquiring an additional 4,858 shares during the last quarter. Seamount Financial Group Inc. grew its position in shares of Invesco QQQ by 2.3% in the third quarter. Seamount Financial Group Inc. now owns 5,369 shares of the exchange traded fund’s stock valued at $2,620,000 after purchasing an additional 120 shares during the last quarter. Integris Wealth Management LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $239,000. Finally, Key Client Fiduciary Advisors LLC lifted its holdings in Invesco QQQ by 8.5% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 7,922 shares of the exchange traded fund’s stock worth $3,866,000 after purchasing an additional 618 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.7 %

QQQ stock opened at $494.47 on Friday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The business’s fifty day moving average price is $477.68 and its two-hundred day moving average price is $464.99.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend 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.