Invesco QQQ (NASDAQ:QQQ) Position Cut by USA Financial Formulas

USA Financial Formulas decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 2.7% in the third quarter, Holdings Channel.com reports. The firm owned 163,155 shares of the exchange traded fund’s stock after selling 4,514 shares during the period. Invesco QQQ comprises about 12.4% of USA Financial Formulas’ holdings, making the stock its 4th biggest position. USA Financial Formulas’ holdings in Invesco QQQ were worth $79,631,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of QQQ. Atwater Malick LLC bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $293,000. Westwood Holdings Group Inc. increased its holdings in shares of Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after acquiring an additional 1,993 shares during the period. GenWealth Group Inc. raised its position in shares of Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after acquiring an additional 2,325 shares in the last quarter. Socha Financial Group LLC lifted its stake in shares of Invesco QQQ by 1.3% during the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after purchasing an additional 1,153 shares during the last quarter. Finally, SVB Wealth LLC boosted its position in Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after purchasing an additional 2,453 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.8 %

QQQ opened at $493.15 on Thursday. The business’s 50-day moving average is $471.00 and its two-hundred day moving average is $462.58. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

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.