Pettinga Financial Advisors LLC Holds $4.86 Million Equity Position in Invesco QQQ (NASDAQ:QQQ)

Financial Advisors


Pettinga Financial Advisors LLC increased its shares in Invesco QQQ (NASDAQ:QQQ – Free Report) by 7.7% in the first quarter, according to the latest Form 13F filed with the Securities and Exchange Commission (SEC). The institutional investor owned 15,144 shares of the exchange-traded fund after purchasing an additional 1,089 shares during the period. Invesco QQQ represents his 1.5% stake in Pettinga Financial Advisors LLC, making it his 19th largest holding. Pettinga Financial Advisors LLC’s holdings of Invesco QQQ were valued at $4,860,000 as of the most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also increased or decreased their equity stakes recently. Ironwood Wealth Management LLC. increased its stake in Invesco QQQ shares by 7.4% in the first quarter. Ironwood Wealth Management LLC. acquired an additional 381 shares during the last quarter and now owns 5,505 shares of exchange traded funds valued at $1,996,000. Axiom Financial Strategies LLC raised his stake in Invesco QQQ by 11.6% during the first quarter. Axiom Financial Strategies LLC acquired an additional 85 shares during the last quarter and now owns 816 shares of exchange-traded fund stock valued at $255,000. Roundview Capital LLC raised his stake in Invesco QQQ by 0.9% during the first quarter. Roundview Capital LLC now owns 53,323 exchange-traded fund shares, valued at $19,332,000, after acquiring an additional 495 shares during the previous quarter. Brown Brothers Harriman & Co. increased its stake in Invesco QQQ by 11.2% during the first quarter. Brown Brothers Harriman & Co. acquired an additional 278 shares last quarter and now owns 2,750 shares of the exchange-traded fund, valued at $997,000. Finally, Covestor Ltd increased its stake in Invesco QQQ by 309.2% during the first quarter. Covestor Ltd acquired an additional 337 shares during the previous quarter and now owns 446 Exchange Traded Fund shares valued at $162,000. Institutional investors and hedge funds hold 42.17% of the company’s shares.

Invesco QQQ price performance

QQQ shares fell $0.01 to $369.41 during Monday’s trading hours. Of the Company’s stock, 11,296,869 shares were traded with an average trading volume of 55,142,133 shares. The stock has a 50-day simple moving average of $345.55 and a 200-day simple moving average of $323.77. Invesco QQQ hit a 12-month low of $254.26 and a 12-month high of $372.85.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend payable on Monday, July 31st. Investors who registered on Wednesday, June 21, will be paid a dividend of $0.504 per share. This equates to his $2.02 dividend and his 0.55% yield on an annualized basis. The ex-dividend date for this dividend will be June 20 (Tuesday).

Invesco QQQ Company Profile

(free report)

PowerShares QQQ Trust Series 1 is a unit fund that issues securities called NASDAQ 100 Index Tracking Stocks. 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 offers investors the opportunity to purchase Units of the Trust’s beneficial interest representing a non-proportionate interest in the securities portfolio held by the Trust. The trust is composed of substantially all securities with substantially the same weight as the constituent securities. Nasdaq 100 Index.

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Invesco QQQ Quarterly Institutional Ownership (NASDAQ:QQQ)

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