Ritter Daniher Financial Advisory LLC DE Buys 63 Shares of Invesco QQQ (NASDAQ:QQQ)

Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 75.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146 shares of the exchange traded fund’s stock after purchasing an additional 63 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Invesco QQQ were worth $71,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $28,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the second quarter worth about $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ in the first quarter worth about $40,000. CGC Financial Services LLC lifted its holdings in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC grew its position in shares of Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 103 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $496.57 on Friday. The business has a 50 day simple moving average of $489.33 and a 200 day simple moving average of $474.46. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco QQQ

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.