River Street Advisors LLC Has $397,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

River Street Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 814 shares of the exchange traded fund’s stock after buying an additional 44 shares during the quarter. River Street Advisors LLC’s holdings in Invesco QQQ were worth $397,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ during the first quarter worth $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter worth $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ during the first quarter worth $40,000. CGC Financial Services LLC grew its holdings in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC grew its holdings in Invesco QQQ by 572.2% during the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 103 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 2.4 %

QQQ stock traded down $12.12 during midday trading on Friday, hitting $496.57. The company’s stock had a trading volume of 51,461,054 shares, compared to its average volume of 38,252,949. The stock’s 50-day moving average price is $489.33 and its 200 day moving average price is $474.11. Invesco QQQ has a 1 year low of $382.66 and a 1 year high of $515.58.

Invesco QQQ Cuts Dividend

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

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.