Yeomans Consulting Group Inc. Reduces Holdings in Invesco QQQ (NASDAQ:QQQ)

Yeomans Consulting Group Inc. lessened its position in Invesco QQQ (NASDAQ:QQQ) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,089 shares of the exchange traded fund’s stock after selling 3,869 shares during the period. Invesco QQQ comprises about 7.7% of Yeomans Consulting Group Inc.’s portfolio, making the stock its 2nd largest holding. Yeomans Consulting Group Inc.’s holdings in Invesco QQQ were worth $20,542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the 2nd quarter valued at $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ during the 1st quarter valued at $40,000. CGC Financial Services LLC boosted its position in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ traded up $1.90 during trading hours on Monday, hitting $497.22. The company had a trading volume of 6,380,546 shares, compared to its average volume of 38,674,402. The business has a fifty day moving average of $480.51 and a 200-day moving average of $467.05. Invesco QQQ has a 12 month low of $346.45 and a 12 month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.54%.

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.