Invesco QQQ (NASDAQ:QQQ) Shares Sold by Omega Financial Group LLC

Omega Financial Group LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,378 shares of the exchange traded fund’s stock after selling 324 shares during the quarter. Invesco QQQ accounts for approximately 1.5% of Omega Financial Group LLC’s holdings, making the stock its 22nd largest position. Omega Financial Group LLC’s holdings in Invesco QQQ were worth $4,089,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Atwater Malick LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $293,000. Westwood Holdings Group Inc. lifted its stake in Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after buying an additional 1,993 shares during the last quarter. GenWealth Group Inc. boosted its holdings in shares of Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after acquiring an additional 2,325 shares during the period. Socha Financial Group LLC grew its position in shares of Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after acquiring an additional 1,153 shares during the last quarter. Finally, SVB Wealth LLC increased its holdings in shares of Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $482.10 on Tuesday. The company has a 50-day moving average price of $469.56 and a two-hundred day moving average price of $461.81. Invesco QQQ has a 52 week low of $342.35 and a 52 week 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 given a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%.

Invesco QQQ Company 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.