Yeomans Consulting Group Inc. Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

Yeomans Consulting Group Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 21.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,610 shares of the exchange traded fund's stock after selling 7,486 shares during the period. Invesco QQQ accounts for 5.0% of Yeomans Consulting Group Inc.'s holdings, making the stock its 6th largest position. Yeomans Consulting Group Inc.'s holdings in Invesco QQQ were worth $12,947,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Eagle Capital Management LLC grew its stake in shares of Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after buying an additional 185 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares during the last quarter. Horizon Investments LLC grew its stake in shares of Invesco QQQ by 266.7% during the fourth quarter. Horizon Investments LLC now owns 1,012 shares of the exchange traded fund's stock worth $517,000 after buying an additional 736 shares during the last quarter. Finally, VSM Wealth Advisory LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth $123,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $0.54 during midday trading on Friday, reaching $561.26. 50,428,921 shares of the company were exchanged, compared to its average volume of 39,495,266. The stock's 50-day moving average price is $534.38 and its 200-day moving average price is $507.15. Invesco QQQ has a one year low of $402.39 and a one year high of $564.73.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%.

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.