Optimist Retirement Group LLC Has $3.18 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Optimist Retirement Group LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,644 shares of the exchange traded fund’s stock after selling 109 shares during the period. Invesco QQQ makes up about 1.7% of Optimist Retirement Group LLC’s investment portfolio, making the stock its 9th largest position. Optimist Retirement Group LLC’s holdings in Invesco QQQ were worth $3,183,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vantage Financial Partners LLC increased its position in shares of Invesco QQQ by 68.0% during the 4th quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock valued at $12,101,000 after purchasing an additional 11,957 shares during the last quarter. Concentrum Wealth Management increased its position in Invesco QQQ by 15.4% during the fourth quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock valued at $6,004,000 after acquiring an additional 1,962 shares during the last quarter. Rollins Financial raised its stake in shares of Invesco QQQ by 11.8% in the fourth quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock valued at $76,822,000 after acquiring an additional 19,785 shares during the period. Gryphon Financial Partners LLC lifted its holdings in shares of Invesco QQQ by 30.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock worth $1,248,000 after acquiring an additional 706 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Invesco QQQ by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 8,437 shares of the exchange traded fund’s stock worth $3,455,000 after purchasing an additional 102 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4 %

Shares of NASDAQ:QQQ opened at $471.44 on Thursday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The firm’s 50-day moving average is $468.49 and its 200 day moving average is $457.89.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were issued a $0.7615 dividend. This represents a $3.05 annualized dividend and a dividend yield of 0.65%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was 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.