Finley Financial LLC Sells 517 Shares of Invesco QQQ (NASDAQ:QQQ)

Finley Financial LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,211 shares of the exchange traded fund’s stock after selling 517 shares during the period. Invesco QQQ makes up about 6.7% of Finley Financial LLC’s portfolio, making the stock its 4th largest holding. Finley Financial LLC’s holdings in Invesco QQQ were worth $11,989,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of QQQ. Eagle Capital Management LLC grew its position in shares of Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock valued at $31,025,000 after acquiring an additional 185 shares during the period. Brighton Jones LLC grew its position in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares during the period. Russell Investments Group Ltd. grew its position in shares of Invesco QQQ by 25.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,869 shares of the exchange traded fund’s stock valued at $1,467,000 after acquiring an additional 573 shares during the period. Finally, Guggenheim Capital LLC grew its position in shares of Invesco QQQ by 119.8% during the 4th quarter. Guggenheim Capital LLC now owns 5,778 shares of the exchange traded fund’s stock valued at $2,954,000 after acquiring an additional 3,149 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $580.34 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32. The stock’s 50-day moving average price is $552.08 and its 200-day moving average price is $513.33.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

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.