Pineridge Advisors LLC Acquires 328 Shares of Invesco QQQ $QQQ

Pineridge Advisors LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 443.2% in the 2nd quarter, Holdings Channel reports. The firm owned 402 shares of the exchange traded fund’s stock after acquiring an additional 328 shares during the period. Pineridge Advisors LLC’s holdings in Invesco QQQ were worth $222,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Compass Financial Services Inc lifted its stake in Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after acquiring an additional 19 shares during the period. Vermillion Wealth Management Inc. grew its stake in shares of Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after acquiring an additional 20 shares during the period. Barrett & Company Inc. raised its holdings in shares of Invesco QQQ by 14.9% during the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 20 shares during the last quarter. waypoint wealth counsel raised its holdings in shares of Invesco QQQ by 0.6% during the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock valued at $1,964,000 after purchasing an additional 20 shares during the last quarter. Finally, Investment Advisory Group LLC lifted its position in Invesco QQQ by 0.4% during the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock valued at $3,158,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $596.31 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The firm’s 50 day moving average is $606.67 and its 200 day moving average is $567.44.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a $0.694 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.