Beacon Financial Advisory LLC Has $1.24 Million Holdings in Invesco QQQ $QQQ

Beacon Financial Advisory LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 26.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,153 shares of the exchange traded fund’s stock after selling 787 shares during the period. Beacon Financial Advisory LLC’s holdings in Invesco QQQ were worth $1,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ during the third quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 43 shares in the last quarter. Shcp LLC bought a new stake in Invesco QQQ in the 3rd quarter valued at approximately $27,000. Finally, Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Weaker-than-expected June jobs data helped cool rate-hike fears, which is generally supportive for growth stocks and the Nasdaq-100 holdings that dominate QQQ. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Market commentary says the Nasdaq sell-off may have created a buying opportunity for QQQ after a weak first half for some of America’s biggest growth names. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Reports that stocks and Nasdaq futures were holding up ahead of the payroll release suggest investors remain willing to stay in or add to large-cap tech exposure through QQQ. S&P 500, Nasdaq Futures Climb While Dow Futures Fall Ahead Of Key Jobs Report: META, MU, JACK, CEG Stocks In Focus

Invesco QQQ Stock Up 0.1%

NASDAQ:QQQ opened at $713.61 on Friday. Invesco QQQ has a twelve month low of $549.58 and a twelve month high of $748.65. The business has a 50 day moving average price of $712.54 and a two-hundred day moving average price of $646.26.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be given a $0.8135 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, June 22nd.

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.