Yeomans Consulting Group Inc. Reduces Position in Invesco QQQ $QQQ

Key Points

• Yeomans Consulting Group Inc. has reduced its position in Invesco QQQ by 29.1% in the second quarter, now holding 19,568 shares valued at approximately $10.7 million.
• Invesco QQQ recently increased its quarterly dividend to $0.694 per share, up from the previous $0.59, demonstrating a dividend yield of 0.5%.
• Institutional investors collectively own 44.58% of Invesco QQQ's shares, indicating significant institutional interest in the ETF.

Yeomans Consulting Group Inc. lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,568 shares of the exchange traded fund's stock after selling 8,042 shares during the quarter. Invesco QQQ makes up about 4.4% of Yeomans Consulting Group Inc.'s portfolio, making the stock its 7th biggest position. Yeomans Consulting Group Inc.'s holdings in Invesco QQQ were worth $10,704,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQ. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ during the 2nd quarter valued at $41,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ during the 1st quarter valued at $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ during the 1st quarter valued at $51,000. Blume Capital Management Inc. boosted its position in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC boosted its position in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.4%

Shares of NASDAQ QQQ opened at $603.18 on Friday. The stock's fifty day simple moving average is $579.85 and its two-hundred day simple moving average is $531.81. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $607.33.

Invesco QQQ Increases Dividend

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

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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