Invesco QQQ $QQQ Shares Sold by Pacific Financial Group Inc.

Pacific Financial Group Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.0% in the second quarter, Holdings Channel reports. The fund owned 25,746 shares of the exchange traded fund’s stock after selling 3,191 shares during the quarter. Invesco QQQ comprises approximately 11.1% of Pacific Financial Group Inc.’s investment portfolio, making the stock its 2nd biggest holding. Pacific Financial Group Inc.’s holdings in Invesco QQQ were worth $14,202,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hilltop National Bank acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $3,191,000. OLD Second National Bank of Aurora increased its position in Invesco QQQ by 3.2% in the 2nd quarter. OLD Second National Bank of Aurora now owns 800 shares of the exchange traded fund’s stock worth $441,000 after buying an additional 25 shares during the period. Matauro LLC lifted its holdings in shares of Invesco QQQ by 6.2% during the second quarter. Matauro LLC now owns 10,905 shares of the exchange traded fund’s stock worth $6,016,000 after buying an additional 635 shares during the last quarter. Triad Wealth Partners LLC boosted its position in shares of Invesco QQQ by 14.3% in the second quarter. Triad Wealth Partners LLC now owns 2,073 shares of the exchange traded fund’s stock valued at $1,144,000 after acquiring an additional 260 shares during the period. Finally, Jmac Enterprises LLC grew its stake in shares of Invesco QQQ by 2.2% in the second quarter. Jmac Enterprises LLC now owns 48,195 shares of the exchange traded fund’s stock worth $26,587,000 after acquiring an additional 1,018 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.4%

Shares of QQQ stock opened at $603.18 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.33. The firm’s fifty day simple moving average is $579.85 and its 200 day simple moving average is $531.81.

Invesco QQQ Increases Dividend

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

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.