Oldfather Financial Services LLC Has $379,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Oldfather Financial Services LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 47.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 777 shares of the exchange traded fund’s stock after selling 710 shares during the period. Oldfather Financial Services LLC’s holdings in Invesco QQQ were worth $379,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ in the 2nd quarter valued at approximately $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ in the 1st quarter valued at approximately $40,000. CGC Financial Services LLC raised its holdings in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.8 %

NASDAQ QQQ traded down $8.94 during trading hours on Thursday, reaching $487.44. The company’s stock had a trading volume of 5,413,177 shares, compared to its average volume of 38,483,738. The firm has a fifty day simple moving average of $481.47 and a 200-day simple moving average of $468.04. Invesco QQQ has a 52 week low of $346.62 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.56%.

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.