Ameriflex Group Inc. Sells 573 Shares of Invesco QQQ $QQQ

Key Points

• Ameriflex Group Inc. has decreased its holdings in Invesco QQQ by 9.3%, selling 573 shares and retaining 5,608 shares, which represent 1.6% of their portfolio.
• Other institutional investors such as GSG Advisors LLC and Amundi have increased their stakes in Invesco QQQ during the first quarter, indicating strong institutional interest.
• Invesco QQQ has declared a quarterly dividend of $0.694 per share, reflecting an increase from their previous dividend and indicating a positive trend in their financial performance.

Ameriflex Group Inc. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,608 shares of the exchange traded fund's stock after selling 573 shares during the quarter. Invesco QQQ comprises 1.6% of Ameriflex Group Inc.'s portfolio, making the stock its 7th biggest holding. Ameriflex Group Inc.'s holdings in Invesco QQQ were worth $3,063,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GSG Advisors LLC increased its position in Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after buying an additional 585 shares during the last quarter. Amundi boosted its holdings in Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock valued at $49,980,000 after acquiring an additional 6,600 shares during the period. Jackson Wealth Management LLC boosted its holdings in 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 acquiring an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. boosted its holdings in Invesco QQQ by 8.4% during the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock valued at $3,649,000 after acquiring an additional 605 shares during the period. Finally, AM Investment Strategies LLC boosted its holdings in Invesco QQQ by 46.5% during 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. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock opened at $603.18 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $607.33. The company has a 50-day moving average of $579.85 and a two-hundred day moving average of $532.17.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59. 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.

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