Patrick M Sweeney & Associates Inc. Increases Position in Invesco QQQ (NASDAQ:QQQ)

Patrick M Sweeney & Associates Inc. increased its position in Invesco QQQ (NASDAQ:QQQ) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,930 shares of the exchange traded fund’s stock after acquiring an additional 117 shares during the period. Invesco QQQ makes up about 1.4% of Patrick M Sweeney & Associates Inc.’s portfolio, making the stock its 16th biggest holding. Patrick M Sweeney & Associates Inc.’s holdings in Invesco QQQ were worth $1,918,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GoalVest Advisory LLC lifted its holdings in Invesco QQQ by 222.8% in the first quarter. GoalVest Advisory LLC now owns 326 shares of the exchange traded fund’s stock valued at $145,000 after acquiring an additional 225 shares during the period. Sandbox Financial Partners LLC grew its position in Invesco QQQ by 5.2% during the first quarter. Sandbox Financial Partners LLC now owns 11,383 shares of the exchange traded fund’s stock valued at $5,054,000 after buying an additional 565 shares during the period. Investment Partners Asset Management Inc. increased its holdings in Invesco QQQ by 0.9% in the first quarter. Investment Partners Asset Management Inc. now owns 3,192 shares of the exchange traded fund’s stock valued at $1,417,000 after buying an additional 27 shares in the last quarter. Arkansas Financial Group Inc. raised its position in shares of Invesco QQQ by 2.3% in the first quarter. Arkansas Financial Group Inc. now owns 30,824 shares of the exchange traded fund’s stock worth $13,686,000 after acquiring an additional 704 shares during the period. Finally, ERn Financial LLC boosted its stake in shares of Invesco QQQ by 4.5% during the 1st quarter. ERn Financial LLC now owns 586 shares of the exchange traded fund’s stock worth $260,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $488.36 on Thursday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The business has a 50-day moving average price of $479.75 and a 200 day moving average price of $466.12.

Invesco QQQ Cuts Dividend

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