Invesco QQQ (NASDAQ:QQQ) is RDA Financial Network’s 3rd Largest Position

RDA Financial Network lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,918 shares of the exchange traded fund’s stock after selling 76 shares during the quarter. Invesco QQQ makes up about 3.1% of RDA Financial Network’s investment portfolio, making the stock its 3rd biggest position. RDA Financial Network’s holdings in Invesco QQQ were worth $10,278,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Invesco QQQ by 13.4% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 4,027 shares of the exchange traded fund’s stock valued at $1,888,000 after purchasing an additional 476 shares during the last quarter. Charter Oak Capital Management LLC grew its position in Invesco QQQ by 4.0% during the first quarter. Charter Oak Capital Management LLC now owns 1,821 shares of the exchange traded fund’s stock valued at $854,000 after acquiring an additional 70 shares during the period. Whitaker Myers Wealth Managers LTD. increased its stake in Invesco QQQ by 17.4% during the first quarter. Whitaker Myers Wealth Managers LTD. now owns 2,604 shares of the exchange traded fund’s stock worth $1,221,000 after acquiring an additional 386 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of Invesco QQQ by 28.5% in the 1st quarter. Wedmont Private Capital now owns 19,386 shares of the exchange traded fund’s stock worth $8,809,000 after purchasing an additional 4,300 shares during the period. Finally, Perennial Advisors LLC raised its holdings in shares of Invesco QQQ by 19.7% in the 1st quarter. Perennial Advisors LLC now owns 4,939 shares of the exchange traded fund’s stock worth $2,316,000 after purchasing an additional 814 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $529.92 on Friday. The stock has a 50-day simple moving average of $483.20 and a 200-day simple moving average of $501.87. The stock has a market capitalization of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.