Ritter Daniher Financial Advisory LLC DE Has $71,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Ritter Daniher Financial Advisory LLC DE grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 75.9% in the third quarter, HoldingsChannel reports. The fund owned 146 shares of the exchange traded fund’s stock after acquiring an additional 63 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Invesco QQQ were worth $71,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the first quarter worth $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the 2nd quarter worth about $30,000. Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $40,000. CGC Financial Services LLC boosted its stake in shares of Invesco QQQ by 736.4% during the 2nd 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 during the last quarter. Finally, PFG Private Wealth Management LLC grew its holdings in shares of Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 103 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 2.4 %

QQQ opened at $496.57 on Friday. The business’s 50-day simple moving average is $489.33 and its 200 day simple moving average is $474.46. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.