Invesco QQQ (NASDAQ:QQQ) is Warner Financial Inc.'s 7th Largest Position

Warner Financial Inc. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,390 shares of the exchange traded fund's stock after selling 755 shares during the quarter. Invesco QQQ comprises 3.2% of Warner Financial Inc.'s investment portfolio, making the stock its 7th biggest holding. Warner Financial Inc.'s holdings in Invesco QQQ were worth $7,217,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at about $36,000. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $51,000. Banque Transatlantique SA acquired a new position in Invesco QQQ during the 4th quarter worth approximately $57,000. Finally, Perritt Capital Management Inc acquired a new position in Invesco QQQ during the 4th quarter worth approximately $61,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.0%

NASDAQ:QQQ traded down $0.09 on Thursday, hitting $528.99. The stock had a trading volume of 43,800,167 shares, compared to its average volume of 38,526,600. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The business's fifty day moving average is $497.46 and its 200 day moving average is $503.26.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.