JMG Financial Group Ltd. Increases Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

JMG Financial Group Ltd. lifted its position in Invesco QQQ Trust (NASDAQ:QQQ) by 2.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,065 shares of the exchange traded fund’s stock after purchasing an additional 43 shares during the period. JMG Financial Group Ltd.’s holdings in Invesco QQQ Trust were worth $574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Frisch Financial Group Inc. lifted its holdings in Invesco QQQ Trust by 0.8% during the second quarter. Frisch Financial Group Inc. now owns 4,759 shares of the exchange traded fund’s stock worth $1,178,000 after buying an additional 37 shares during the period. Key Financial Inc lifted its holdings in Invesco QQQ Trust by 2.9% during the second quarter. Key Financial Inc now owns 1,403 shares of the exchange traded fund’s stock worth $341,000 after buying an additional 39 shares during the period. Patten Group Inc. lifted its holdings in Invesco QQQ Trust by 2.0% during the third quarter. Patten Group Inc. now owns 2,024 shares of the exchange traded fund’s stock worth $562,000 after buying an additional 39 shares during the period. Sharkey Howes & Javer lifted its holdings in shares of Invesco QQQ Trust by 2.6% during the 3rd quarter. Sharkey Howes & Javer now owns 1,648 shares of the exchange traded fund’s stock valued at $458,000 after purchasing an additional 41 shares during the last quarter. Finally, Parsons Capital Management Inc. RI lifted its holdings in shares of Invesco QQQ Trust by 0.9% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 5,205 shares of the exchange traded fund’s stock valued at $1,289,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 42.99% of the company’s stock.

Separately, ValuEngine lowered Invesco QQQ Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd.

Shares of NASDAQ QQQ traded down $5.40 during mid-day trading on Monday, hitting $279.34. The stock had a trading volume of 1,675,908 shares, compared to its average volume of 49,567,922. The company has a 50 day moving average of $278.41 and a two-hundred day moving average of $252.73. Invesco QQQ Trust has a twelve month low of $164.93 and a twelve month high of $303.50.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.388 per share. This represents a $1.55 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Monday, September 21st.

Invesco QQQ Trust 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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