AIFG Consultants Ltd. Reduces Position in Invesco QQQ $QQQ

AIFG Consultants Ltd. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 38.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 473 shares of the exchange traded fund’s stock after selling 298 shares during the period. AIFG Consultants Ltd.’s holdings in Invesco QQQ were worth $261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GSG Advisors LLC raised its stake in shares of Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after purchasing an additional 585 shares during the period. Amundi grew its holdings in Invesco QQQ by 6.3% during the 1st 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 in the last quarter. Jackson Wealth Management LLC increased its position in shares of Invesco QQQ by 8.6% during 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 holdings 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 worth $3,649,000 after buying an additional 605 shares in the last quarter. Finally, AM Investment Strategies LLC boosted its position 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 acquiring an additional 612 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4%

Shares of NASDAQ:QQQ opened at $603.18 on Friday. The company has a 50 day moving average of $579.85 and a 200 day moving average of $532.17. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $607.33.

Invesco QQQ Increases Dividend

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

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.