Oldfather Financial Services LLC Has $635,000 Holdings in Invesco QQQ (NASDAQ:QQQ)

Oldfather Financial Services LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 74.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,355 shares of the exchange traded fund's stock after acquiring an additional 577 shares during the quarter. Oldfather Financial Services LLC's holdings in Invesco QQQ were worth $635,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QQQ. Marks Group Wealth Management Inc raised its position in Invesco QQQ by 2.5% in the first quarter. Marks Group Wealth Management Inc now owns 1,617 shares of the exchange traded fund's stock worth $758,000 after purchasing an additional 40 shares in the last quarter. Asset Dedication LLC grew its stake in shares of Invesco QQQ by 6.7% in the 1st quarter. Asset Dedication LLC now owns 5,086 shares of the exchange traded fund's stock valued at $2,385,000 after purchasing an additional 321 shares during the period. Cahaba Wealth Management Inc. raised its holdings in shares of Invesco QQQ by 4.4% in the 1st quarter. Cahaba Wealth Management Inc. now owns 1,880 shares of the exchange traded fund's stock worth $881,000 after buying an additional 79 shares in the last quarter. TFR Capital LLC. lifted its position in shares of Invesco QQQ by 0.3% during the 1st quarter. TFR Capital LLC. now owns 11,273 shares of the exchange traded fund's stock worth $5,286,000 after buying an additional 35 shares during the period. Finally, Dock Street Asset Management Inc. boosted its stake in Invesco QQQ by 1.1% in the 1st quarter. Dock Street Asset Management Inc. now owns 3,476 shares of the exchange traded fund's stock valued at $1,630,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded down $1.25 during trading hours on Friday, reaching $554.20. The company had a trading volume of 39,558,757 shares, compared to its average volume of 39,419,891. The stock has a 50-day moving average of $527.06 and a two-hundred day moving average of $505.74. Invesco QQQ has a one year low of $402.39 and a one year high of $557.63.

Invesco QQQ Cuts Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

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.