Invesco QQQ $QQQ Shares Sold by Embree Financial Group

Embree Financial Group trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 1.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 118,036 shares of the exchange traded fund’s stock after selling 1,206 shares during the period. Invesco QQQ accounts for about 9.8% of Embree Financial Group’s investment portfolio, making the stock its largest position. Embree Financial Group’s holdings in Invesco QQQ were worth $65,114,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Compass Financial Services Inc raised its stake in shares of Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after acquiring an additional 19 shares in the last quarter. MTM Investment Management LLC raised its stake in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after acquiring an additional 21 shares in the last quarter. Cutler Investment Counsel LLC raised its stake in shares of Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after acquiring an additional 21 shares in the last quarter. Occidental Asset Management LLC raised its stake in shares of Invesco QQQ by 1.7% in the 2nd quarter. Occidental Asset Management LLC now owns 1,230 shares of the exchange traded fund’s stock valued at $678,000 after acquiring an additional 21 shares in the last quarter. Finally, Riverbend Wealth Management LLC raised its stake in shares of Invesco QQQ by 0.3% in the 1st quarter. Riverbend Wealth Management LLC now owns 8,172 shares of the exchange traded fund’s stock valued at $3,832,000 after acquiring an additional 22 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $595.97 on Friday. The stock’s 50 day simple moving average is $576.04 and its 200 day simple moving average is $527.48. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $602.87.

Invesco QQQ Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.