Invesco QQQ (NASDAQ:QQQ) is Pacific Financial Group Inc.'s 2nd Largest Position

Pacific Financial Group Inc. cut its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,937 shares of the exchange traded fund's stock after selling 1,206 shares during the quarter. Invesco QQQ comprises 11.0% of Pacific Financial Group Inc.'s portfolio, making the stock its 2nd biggest position. Pacific Financial Group Inc.'s holdings in Invesco QQQ were worth $13,569,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QQQ. Proficio Capital Partners LLC boosted its position in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after buying an additional 11,478,188 shares during the period. NWI Management LP lifted its position in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Senator Investment Group LP acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $679,936,000. Finally, Artemis Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after purchasing an additional 895,277 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.9%

Shares of NASDAQ QQQ traded up $5.06 during trading on Thursday, reaching $546.22. 43,614,634 shares of the stock were exchanged, compared to its average volume of 38,801,022. The business's 50-day moving average price is $505.63 and its 200 day moving average price is $503.71. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $547.05.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.

Invesco QQQ 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.