Grunden Financial Advisory Inc. Acquires Shares of 1,253 Invesco QQQ $QQQ

Grunden Financial Advisory Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,253 shares of the exchange traded fund’s stock, valued at approximately $770,000. Invesco QQQ accounts for about 0.3% of Grunden Financial Advisory Inc.’s portfolio, making the stock its 19th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ in the third quarter valued at approximately $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ during the third quarter valued at approximately $27,000. Navigoe LLC boosted its position in shares of Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 45 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Invesco QQQ during the third quarter valued at approximately $40,000. Finally, PayPay Securities Corp boosted its position in shares of Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds 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 Down 0.3%

Shares of NASDAQ:QQQ opened at $646.79 on Tuesday. Invesco QQQ has a 12-month low of $427.93 and a 12-month high of $650.00. The business’s 50 day moving average is $602.34 and its 200 day moving average is $611.08.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ Company Profile

(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.

Featured Stories

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

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.