Financial Futures Ltd Liability Co. Has $1.99 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Financial Futures Ltd Liability Co. trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,237 shares of the exchange traded fund's stock after selling 471 shares during the quarter. Invesco QQQ makes up 1.1% of Financial Futures Ltd Liability Co.'s holdings, making the stock its 20th biggest holding. Financial Futures Ltd Liability Co.'s holdings in Invesco QQQ were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Jeppson Wealth Management LLC raised its position in shares of Invesco QQQ by 8.2% during the first quarter. Jeppson Wealth Management LLC now owns 2,597 shares of the exchange traded fund's stock worth $1,218,000 after acquiring an additional 196 shares during the last quarter. Sunbelt Securities Inc. grew its stake in Invesco QQQ by 7.9% during the first quarter. Sunbelt Securities Inc. now owns 27,568 shares of the exchange traded fund's stock worth $12,927,000 after purchasing an additional 2,021 shares during the period. TPG Advisors LLC grew its stake in Invesco QQQ by 18.5% during the first quarter. TPG Advisors LLC now owns 955 shares of the exchange traded fund's stock worth $448,000 after purchasing an additional 149 shares during the period. BSW Wealth Partners grew its stake in Invesco QQQ by 1.8% during the first quarter. BSW Wealth Partners now owns 3,656 shares of the exchange traded fund's stock worth $1,714,000 after purchasing an additional 63 shares during the period. Finally, 3Chopt Investment Partners LLC acquired a new stake in Invesco QQQ during the first quarter worth approximately $221,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.3%

NASDAQ QQQ traded up $1.87 during trading hours on Friday, hitting $548.09. 57,440,636 shares of the company's stock were exchanged, compared to its average volume of 38,990,169. The stock has a 50-day simple moving average of $509.76 and a 200 day simple moving average of $504.06. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $549.99.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

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.