Invesco QQQ (NASDAQ:QQQ) Stock Position Lessened by Omega Financial Group LLC

Omega Financial Group LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,939 shares of the exchange traded fund’s stock after selling 476 shares during the quarter. Invesco QQQ accounts for approximately 1.4% of Omega Financial Group LLC’s holdings, making the stock its 23rd largest position. Omega Financial Group LLC’s holdings in Invesco QQQ were worth $3,723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth $1,018,000. Grant Private Wealth Management Inc bought a new position in shares of Invesco QQQ in the fourth quarter worth $815,000. Gemsstock Ltd. grew its stake in shares of Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after purchasing an additional 213,400 shares in the last quarter. Tandem Investment Partners LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth $4,623,000. Finally, Wescott Financial Advisory Group LLC grew its stake in shares of Invesco QQQ by 1.8% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund’s stock worth $75,071,000 after purchasing an additional 2,600 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $554.20 on Friday. The business has a fifty day simple moving average of $527.06 and a 200-day simple moving average of $505.91. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $557.63.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

About Invesco QQQ

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.