Embree Financial Group Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Embree Financial Group raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,242 shares of the exchange traded fund's stock after purchasing an additional 3,199 shares during the quarter. Invesco QQQ accounts for 9.4% of Embree Financial Group's investment portfolio, making the stock its biggest holding. Embree Financial Group's holdings in Invesco QQQ were worth $55,915,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in QQQ. Keudell Morrison Wealth Management increased its stake in shares of Invesco QQQ by 3.1% in the first quarter. Keudell Morrison Wealth Management now owns 6,126 shares of the exchange traded fund's stock worth $2,873,000 after acquiring an additional 183 shares during the last quarter. Integris Wealth Management LLC increased its stake in shares of Invesco QQQ by 13.5% in the first quarter. Integris Wealth Management LLC now owns 646 shares of the exchange traded fund's stock worth $303,000 after acquiring an additional 77 shares during the last quarter. Davidson Kahn Capital Management LLC increased its stake in shares of Invesco QQQ by 17.7% in the first quarter. Davidson Kahn Capital Management LLC now owns 17,626 shares of the exchange traded fund's stock worth $8,265,000 after acquiring an additional 2,655 shares during the last quarter. Systelligence LLC increased its stake in shares of Invesco QQQ by 1.6% in the first quarter. Systelligence LLC now owns 29,766 shares of the exchange traded fund's stock worth $13,958,000 after acquiring an additional 459 shares during the last quarter. Finally, FORM Wealth Advisors LLC acquired a new position in shares of Invesco QQQ in the first quarter worth $33,302,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.3%

Shares of NASDAQ QQQ traded up $1.87 during mid-day trading on Friday, reaching $548.09. The company had a trading volume of 57,440,636 shares, compared to its average volume of 38,990,169. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $549.99. The stock's 50 day moving average is $509.76 and its 200-day moving average is $504.06.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid 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.

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.