Finley Financial LLC Sells 517 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• Finley Financial LLC has reduced its stake in Invesco QQQ by 2.0%, now holding 25,211 shares valued at approximately $11.99 million.
• Institutional investors and hedge funds own about 44.58% of Invesco QQQ, with notable increases in holdings by Eagle Capital Management and Brighton Jones LLC.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, providing an annual yield of 0.4% to shareholders.

Finley Financial LLC decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,211 shares of the exchange traded fund's stock after selling 517 shares during the period. Invesco QQQ accounts for 6.7% of Finley Financial LLC's portfolio, making the stock its 4th largest position. Finley Financial LLC's holdings in Invesco QQQ were worth $11,989,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Eagle Capital Management LLC lifted its stake in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after buying an additional 185 shares during the period. Brighton Jones LLC lifted its stake in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC lifted its stake in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after buying an additional 176 shares during the period. Russell Investments Group Ltd. lifted its stake in Invesco QQQ by 25.0% in the fourth quarter. Russell Investments Group Ltd. now owns 2,869 shares of the exchange traded fund's stock valued at $1,467,000 after buying an additional 573 shares during the period. Finally, Guggenheim Capital LLC lifted its stake in Invesco QQQ by 119.8% in the fourth quarter. Guggenheim Capital LLC now owns 5,778 shares of the exchange traded fund's stock valued at $2,954,000 after buying an additional 3,149 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.1%

Shares of NASDAQ QQQ traded down $0.45 during mid-day trading on Thursday, reaching $579.89. 45,140,701 shares of the company's stock were exchanged, compared to its average volume of 43,788,920. The business has a fifty day simple moving average of $553.18 and a 200 day simple moving average of $513.78. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.