Seneca House Advisors Has $10.11 Million Stake in Invesco QQQ $QQQ

Seneca House Advisors lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,333 shares of the exchange traded fund's stock after selling 457 shares during the quarter. Invesco QQQ makes up about 4.3% of Seneca House Advisors' investment portfolio, making the stock its 8th largest position. Seneca House Advisors' holdings in Invesco QQQ were worth $10,113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. Goldman Sachs Group Inc. grew its stake in shares of Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ during the first quarter worth $2,775,904,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco QQQ by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund's stock worth $1,501,063,000 after purchasing an additional 52,234 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock worth $1,163,036,000 after purchasing an additional 54,944 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $591.18 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $592.86. The stock has a 50-day moving average price of $569.81 and a two-hundred day moving average price of $521.75.

Invesco QQQ Cuts Dividend

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

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.

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