Carbahal Olsen Financial Services Group LLC Has $16.47 Million Stock Position in Invesco QQQ $QQQ

Carbahal Olsen Financial Services Group LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,851 shares of the exchange traded fund’s stock after selling 194 shares during the quarter. Invesco QQQ comprises about 14.0% of Carbahal Olsen Financial Services Group LLC’s investment portfolio, making the stock its 2nd biggest holding. Carbahal Olsen Financial Services Group LLC’s holdings in Invesco QQQ were worth $16,467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ during the 2nd quarter valued at about $41,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ during the 1st quarter valued at about $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ during the 1st quarter valued at about $51,000. Blume Capital Management Inc. increased its stake in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC increased its stake in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $602.01 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The firm has a 50-day simple moving average of $584.64 and a two-hundred day simple moving average of $537.61.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend 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.