4Thought Financial Group Inc. Has $242,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

4Thought Financial Group Inc. lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8,516.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 517 shares of the exchange traded fund's stock after buying an additional 511 shares during the quarter. 4Thought Financial Group Inc.'s holdings in Invesco QQQ were worth $242,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. GenTrust LLC boosted its holdings in Invesco QQQ by 13.6% in the first quarter. GenTrust LLC now owns 103,480 shares of the exchange traded fund's stock worth $48,598,000 after purchasing an additional 12,383 shares in the last quarter. KG&L Capital Management LLC lifted its position in shares of Invesco QQQ by 5.1% in the first quarter. KG&L Capital Management LLC now owns 3,823 shares of the exchange traded fund's stock worth $1,793,000 after buying an additional 187 shares during the last quarter. Balefire LLC lifted its position in shares of Invesco QQQ by 71.3% in the first quarter. Balefire LLC now owns 13,088 shares of the exchange traded fund's stock worth $6,137,000 after buying an additional 5,447 shares during the last quarter. KPP Advisory Services LLC boosted its stake in shares of Invesco QQQ by 39.4% during the 1st quarter. KPP Advisory Services LLC now owns 59,212 shares of the exchange traded fund's stock worth $27,766,000 after acquiring an additional 16,733 shares in the last quarter. Finally, LifeSteps Financial Inc. increased its holdings in shares of Invesco QQQ by 1.0% during the 1st quarter. LifeSteps Financial Inc. now owns 38,382 shares of the exchange traded fund's stock valued at $17,998,000 after acquiring an additional 372 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.3%

Shares of QQQ stock traded up $1.87 during trading on Friday, reaching $548.09. The company had a trading volume of 57,440,636 shares, compared to its average volume of 38,939,323. The firm's 50 day simple moving average is $507.68 and its two-hundred day simple moving average is $503.87. Invesco QQQ has a one year low of $402.39 and a one year high of $549.90.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

About Invesco QQQ

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.