ROI Financial Advisors LLC Acquires Shares of 414 Invesco QQQ (NASDAQ:QQQ)

ROI Financial Advisors LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 414 shares of the exchange traded fund’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PBCay One RSC Ltd raised its stake in Invesco QQQ by 6.2% in the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after purchasing an additional 22,000 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Invesco QQQ by 140.6% in the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after purchasing an additional 142 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $844,000. Brighton Jones LLC raised its position in shares of Invesco QQQ by 4.7% during the 1st quarter. Brighton Jones LLC now owns 29,285 shares of the exchange traded fund’s stock valued at $13,003,000 after buying an additional 1,327 shares during the period. Finally, Great Lakes Retirement Inc. lifted its holdings in Invesco QQQ by 6.7% in the first quarter. Great Lakes Retirement Inc. now owns 6,925 shares of the exchange traded fund’s stock valued at $3,075,000 after acquiring an additional 437 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $512.25 on Thursday. The company’s 50 day simple moving average is $486.39 and its 200-day simple moving average is $473.15. Invesco QQQ has a 1 year low of $382.66 and a 1 year high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%.

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.