Invesco QQQ $QQQ Position Lowered by Socha Financial Group LLC

Socha Financial Group LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.9% in the third quarter, Holdings Channel reports. The firm owned 100,653 shares of the exchange traded fund’s stock after selling 1,978 shares during the period. Invesco QQQ makes up about 25.5% of Socha Financial Group LLC’s investment portfolio, making the stock its 2nd biggest position. Socha Financial Group LLC’s holdings in Invesco QQQ were worth $60,429,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ during the 2nd quarter worth $30,000. Navigoe LLC boosted its holdings in Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares during the last quarter. PayPay Securities Corp grew its stake in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Invesco QQQ during the 3rd quarter worth approximately $42,000. Finally, Moser Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $620.76 on Friday. The firm has a 50 day simple moving average of $616.24 and a 200-day simple moving average of $597.20. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a $0.7941 dividend. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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