Omega Financial Group LLC Has $4.01 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Omega Financial Group LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,024 shares of the exchange traded fund’s stock after buying an additional 525 shares during the quarter. Invesco QQQ comprises 1.6% of Omega Financial Group LLC’s investment portfolio, making the stock its 22nd largest holding. Omega Financial Group LLC’s holdings in Invesco QQQ were worth $4,007,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Deane Retirement Strategies Inc. acquired a new position in shares of Invesco QQQ in the first quarter valued at $29,000. Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter valued at $35,000. Red Tortoise LLC raised its stake in shares of Invesco QQQ by 370.0% in the fourth 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 in the last quarter. Robinson Capital Management LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at $40,000. Finally, Friedenthal Financial acquired a new position in shares of Invesco QQQ in the fourth quarter valued at $41,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $481.92 on Tuesday. The business has a fifty day simple moving average of $454.85 and a 200 day simple moving average of $436.77. Invesco QQQ has a one year low of $342.35 and a one year high of $487.20.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be paid a dividend of $0.7615 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.63%. The ex-dividend date is Monday, June 24th.

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.