Ameriflex Group Inc. Has $3.06 Million Stake in Invesco QQQ $QQQ

Ameriflex Group Inc. lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 9.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,608 shares of the exchange traded fund’s stock after selling 573 shares during the period. Invesco QQQ comprises 1.6% of Ameriflex Group Inc.’s portfolio, making the stock its 7th biggest holding. Ameriflex Group Inc.’s holdings in Invesco QQQ were worth $3,063,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GSG Advisors LLC lifted its stake in shares of Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after buying an additional 585 shares during the period. Amundi lifted its stake in shares of Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after buying an additional 6,600 shares during the period. Jackson Wealth Management LLC lifted its stake in shares of Invesco QQQ by 8.6% in the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock valued at $9,428,000 after buying an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. lifted its stake in shares of Invesco QQQ by 8.4% in the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after buying an additional 605 shares during the period. Finally, AM Investment Strategies LLC lifted its stake in shares of Invesco QQQ by 46.5% in the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after buying an additional 612 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $603.18 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $607.33. The company has a 50-day moving average price of $579.85 and a two-hundred day moving average price of $532.17.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 22nd.

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.