CFO4Life Group LLC Reduces Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

CFO4Life Group LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,368 shares of the exchange traded fund’s stock after selling 132 shares during the period. CFO4Life Group LLC’s holdings in Invesco QQQ were worth $1,495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ during the 1st quarter valued at about $29,000. Legacy Bridge LLC grew its stake in Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ during the 4th quarter valued at about $35,000. Red Tortoise LLC grew its stake in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $41,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.4 %

Shares of QQQ traded up $7.09 during mid-day trading on Friday, reaching $499.02. The company had a trading volume of 22,159,523 shares, compared to its average volume of 40,137,719. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The stock has a 50 day moving average of $466.96 and a two-hundred day moving average of $441.76.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be paid a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.61%.

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.