Finley Financial LLC Sells 517 Shares of Invesco QQQ (NASDAQ:QQQ)

Finley Financial LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 2.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,211 shares of the exchange traded fund’s stock after selling 517 shares during the period. Invesco QQQ accounts for approximately 6.7% of Finley Financial LLC’s investment portfolio, making the stock its 4th biggest holding. Finley Financial LLC’s holdings in Invesco QQQ were worth $11,989,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in QQQ. Eagle Capital Management LLC increased its position in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock valued at $31,025,000 after acquiring an additional 185 shares during the period. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its position in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the period. Russell Investments Group Ltd. grew its position in Invesco QQQ by 25.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,869 shares of the exchange traded fund’s stock worth $1,467,000 after purchasing an additional 573 shares during the period. Finally, Guggenheim Capital LLC grew its position in Invesco QQQ by 119.8% during the 4th quarter. Guggenheim Capital LLC now owns 5,778 shares of the exchange traded fund’s stock worth $2,954,000 after purchasing an additional 3,149 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.0%

Shares of QQQ opened at $580.34 on Thursday. The business’s 50-day moving average is $552.08 and its two-hundred day moving average is $513.33. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend 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.