Jones Financial Companies Lllp Has $1.13 Million Holdings in Invesco QQQ $QQQ

Jones Financial Companies Lllp cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 98.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,408 shares of the exchange traded fund's stock after selling 166,484 shares during the period. Jones Financial Companies Lllp's holdings in Invesco QQQ were worth $1,129,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Coordinated Financial Services Inc. CO acquired a new position in shares of Invesco QQQ in the first quarter valued at about $1,668,000. Talon Private Wealth LLC grew its stake in Invesco QQQ by 1,763.6% during the first quarter. Talon Private Wealth LLC now owns 9,113 shares of the exchange traded fund's stock worth $4,301,000 after buying an additional 8,624 shares in the last quarter. Tamar Securities LLC grew its stake in Invesco QQQ by 27.2% during the first quarter. Tamar Securities LLC now owns 1,317 shares of the exchange traded fund's stock worth $618,000 after buying an additional 282 shares in the last quarter. Sepio Capital LP grew its stake in Invesco QQQ by 20.6% during the first quarter. Sepio Capital LP now owns 8,863 shares of the exchange traded fund's stock worth $4,156,000 after buying an additional 1,513 shares in the last quarter. Finally, Sheridan Capital Management LLC grew its stake in Invesco QQQ by 1.5% during the first quarter. Sheridan Capital Management LLC now owns 2,705 shares of the exchange traded fund's stock worth $1,268,000 after buying an additional 40 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.4%

Shares of Invesco QQQ stock opened at $586.66 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $587.86. The firm's 50-day moving average price is $568.24 and its two-hundred day moving average price is $520.50.

Invesco QQQ Cuts Dividend

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

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.

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