Omnia Family Wealth LLC Sells 1,084 Shares of Invesco QQQ $QQQ

Key Points

• Omnia Family Wealth LLC reduced its holdings in Invesco QQQ by 9.7%, selling 1,084 shares to own a total of 10,132 shares valued at approximately $5,595,000.
• Invesco QQQ is set to pay a dividend of $0.694 per share on October 31, marking an increase from the previous dividend of $0.59, with an annual yield of 0.5%.
• Other institutional investors, including GSG Advisors and Jackson Wealth Management, have increased their holdings in Invesco QQQ, indicating growing interest in the fund.

Omnia Family Wealth LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,132 shares of the exchange traded fund's stock after selling 1,084 shares during the quarter. Invesco QQQ accounts for 2.0% of Omnia Family Wealth LLC's investment portfolio, making the stock its 12th largest holding. Omnia Family Wealth LLC's holdings in Invesco QQQ were worth $5,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. GSG Advisors LLC grew its holdings in Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after buying an additional 585 shares in the last quarter. Amundi grew its holdings in Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock worth $49,980,000 after buying an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC grew its holdings in Invesco QQQ by 8.6% during the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock worth $9,428,000 after buying an additional 1,586 shares in the last quarter. Greykasell Wealth Strategies Inc. grew its holdings in Invesco QQQ by 8.4% during the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock worth $3,649,000 after buying an additional 605 shares in the last quarter. Finally, AM Investment Strategies LLC boosted its position in Invesco QQQ by 46.5% in the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund's stock worth $904,000 after purchasing an additional 612 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ stock opened at $602.22 on Thursday. The stock's fifty day simple moving average is $586.10 and its two-hundred day simple moving average is $538.48. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a $0.694 dividend. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd.

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.

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