Arkadios Wealth Advisors Increases Stake in Invesco QQQ Shares

Arkadios Wealth Advisors has increased its investment in Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.8% during the third quarter, according to their recent filing with the Securities and Exchange Commission (SEC). After this addition, the firm now holds 49,052 shares of the popular exchange-traded fund (ETF).

Invesco QQQ is an ETF that aims to track the performance of the Nasdaq-100 Index, which includes 100 of the largest non-financial companies listed on the Nasdaq stock market. By holding shares in this ETF, investors can gain exposure to a diverse array of high-growth companies.

PFG Investments LLC Enhances Its Position

Similarly, PFG Investments LLC raised its stake in Invesco QQQ by 9.5% in the same quarter, based on its latest SEC disclosure. The firm acquired an additional 3,072 shares, bringing its total to 35,499 shares. This ETF now constitutes about 1.1% of PFG’s entire investment portfolio, ranking as its ninth-largest position.

As per the most recent filing, PFG Investments LLC’s holdings in Invesco QQQ are valued at $17,326,000.

Other Institutional Investments

Several other institutional investors have also made adjustments to their positions in Invesco QQQ. New Covenant Trust Company N.A. established a new position in the first quarter valued at roughly $28,000. Similarly, Mechanics Financial Corp purchased shares worth about $30,000 in the second quarter. Chelsea Counsel Co. acquired approximately $40,000 worth of shares in the first quarter.

Furthermore, CGC Financial Services LLC significantly boosted its stake by 736.4% during the second quarter, owning 92 shares now valued at $44,000 after acquiring an additional 81 shares. CarsonAllaria Wealth Management Ltd. similarly increased its position by 30.4%, owning 103 shares now worth $46,000.

Currently, around 44.58% of Invesco QQQ is held by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

The QQQ stock opened recently at $495.32. Over the past few months, it has shown considerable movement, with a 50-day moving average of $480.51 and a 200-day moving average of $466.85. The ETF hit a 52-week low of $342.35 and a 52-week high of $503.52.

Dividend Announcement

Invesco QQQ has also announced a quarterly dividend of $0.677 per share, which will be paid to stockholders of record on Monday, September 23rd. This amounts to an annualized dividend of $2.71 and a yield of 0.55%. The ex-dividend date was also Monday, September 23rd.

About Invesco QQQ

The Invesco QQQ Trust, Series 1, issues securities that are commonly known as Nasdaq-100 Index Tracking Stocks. Its primary objective is to reflect the price and yield performance of the Nasdaq-100 Index, allowing direct exposure to the index's performance.

investment, ETF, stocks