E&G Advisors LP Acquires 500 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

E&G Advisors LP raised its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 14.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,925 shares of the exchange traded fund’s stock after buying an additional 500 shares during the period. E&G Advisors LP’s holdings in Invesco QQQ Trust were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Truvestments Capital LLC lifted its stake in shares of Invesco QQQ Trust by 6.0% in the third quarter. Truvestments Capital LLC now owns 3,010 shares of the exchange traded fund’s stock valued at $568,000 after buying an additional 170 shares in the last quarter. Cypress Capital Group raised its holdings in shares of Invesco QQQ Trust by 3.1% in the third quarter. Cypress Capital Group now owns 28,990 shares of the exchange traded fund’s stock valued at $5,474,000 after purchasing an additional 885 shares during the last quarter. Brio Consultants LLC raised its holdings in shares of Invesco QQQ Trust by 3.6% in the third quarter. Brio Consultants LLC now owns 1,800 shares of the exchange traded fund’s stock valued at $340,000 after purchasing an additional 63 shares during the last quarter. Winthrop Advisory Group LLC raised its holdings in shares of Invesco QQQ Trust by 2.2% in the third quarter. Winthrop Advisory Group LLC now owns 21,826 shares of the exchange traded fund’s stock valued at $4,121,000 after purchasing an additional 479 shares during the last quarter. Finally, Gradient Investments LLC raised its holdings in shares of Invesco QQQ Trust by 8.3% in the third quarter. Gradient Investments LLC now owns 757 shares of the exchange traded fund’s stock valued at $143,000 after purchasing an additional 58 shares during the last quarter. 44.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of QQQ stock traded up $1.45 on Thursday, hitting $188.68. The stock had a trading volume of 23,683,667 shares, compared to its average volume of 33,247,391. The business has a 50 day moving average of $188.54 and a 200 day moving average of $186.41. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $195.55.



The company also recently announced a — dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, September 24th will be issued a $0.3842 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a dividend yield of 0.8%.

Invesco QQQ Trust Company Profile

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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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