Invesco QQQ (NASDAQ:QQQ) Stock Position Cut by Main Street Group LTD

Main Street Group LTD trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,912 shares of the exchange traded fund’s stock after selling 434 shares during the quarter. Invesco QQQ comprises about 3.2% of Main Street Group LTD’s investment portfolio, making the stock its 8th largest holding. Main Street Group LTD’s holdings in Invesco QQQ were worth $7,666,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vantage Financial Partners LLC raised its stake in Invesco QQQ by 68.0% in the fourth quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock valued at $12,101,000 after buying an additional 11,957 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Invesco QQQ by 17.4% in the 4th quarter. Natixis Advisors L.P. now owns 18,927 shares of the exchange traded fund’s stock valued at $7,751,000 after purchasing an additional 2,809 shares during the last quarter. Concentrum Wealth Management boosted its stake in Invesco QQQ by 15.4% in the 4th quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock worth $6,004,000 after purchasing an additional 1,962 shares in the last quarter. Rollins Financial grew its position in Invesco QQQ by 11.8% during the 4th quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock worth $76,822,000 after purchasing an additional 19,785 shares during the last quarter. Finally, Gryphon Financial Partners LLC increased its stake in Invesco QQQ by 30.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock valued at $1,248,000 after purchasing an additional 706 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 2.7 %

Shares of NASDAQ:QQQ traded down $12.35 on Friday, hitting $448.69. 50,624,385 shares of the company were exchanged, compared to its average volume of 40,492,672. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The stock’s 50 day moving average price is $472.43 and its 200 day moving average price is $455.91.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.