Valued Retirements Inc. Invests in Invesco QQQ

Valued Retirements Inc. has recently disclosed a new investment in Invesco QQQ (NASDAQ:QQQ) during the third quarter, as indicated in their latest 13F filing with the Securities and Exchange Commission. The investment firm acquired 9,833 shares of this exchange-traded fund (ETF), which is valued at approximately $4,799,000. This stake represents about 6.6% of Valued Retirements Inc.'s overall investment portfolio, making Invesco QQQ its second-largest holding.

Recent Investor Activity

In addition to Valued Retirements, several other prominent investors have also been active with Invesco QQQ. For instance, Mechanics Financial Corp established a new position worth roughly $30,000 during the second quarter. CGC Financial Services LLC significantly increased its holdings in QQQ by 736.4% in the same period, now owning 92 shares worth $44,000 after acquiring an additional 81 shares. Meanwhile, Legacy Bridge LLC augmented its investment in Invesco QQQ by 60.0%, bringing its total to 120 shares valued at $59,000, following the purchase of 45 shares in the third quarter. Furthermore, BNP Paribas entered the market with a new stake estimated at about $62,000, and CarsonAllaria Wealth Management Ltd. enhanced its holdings by 27.2%, currently owning 131 shares worth $63,000 after acquiring an additional 28 shares.

Invesco QQQ Stock Performance

As of Tuesday, shares of NASDAQ:QQQ opened at $522.38. The stock has experienced a 12-month low of $391.53 and a high of $526.72. Notably, the fifty-day moving average stands at $500.28, while the 200-day moving average is at $482.21.

Dividend Update

Invesco recently declared a quarterly dividend, which was paid on October 31st. Shareholders on record as of September 23rd received a dividend of $0.677. This equates to an annualized dividend of $2.71, corresponding to a dividend yield of 0.52%. The ex-dividend date was also noted as September 23rd.

About Invesco QQQ

The PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities referred to as Nasdaq-100 Index Tracking Stock. Its investment objective is to deliver results that typically align with the price and yield performance of the Nasdaq-100 Index. The Trust allows investors to purchase units that represent proportionate interests in the underlying securities held by the Trust, which includes nearly all the securities of the Nasdaq-100 Index in similar weights.

investment, ETFs, Invesco