Omega Financial Group LLC Decreases Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

Omega Financial Group LLC trimmed its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,937 shares of the exchange traded fund’s stock after selling 181 shares during the period. Omega Financial Group LLC’s holdings in Invesco QQQ Trust were worth $2,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. FMR LLC increased its position in shares of Invesco QQQ Trust by 4.4% during the first quarter. FMR LLC now owns 155,853 shares of the exchange traded fund’s stock worth $28,000,000 after purchasing an additional 6,637 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Invesco QQQ Trust by 901.4% during the fourth quarter. Golden State Wealth Management LLC now owns 283,971 shares of the exchange traded fund’s stock worth $60,375,000 after purchasing an additional 255,614 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Invesco QQQ Trust by 2.1% during the fourth quarter. Franklin Resources Inc. now owns 11,679 shares of the exchange traded fund’s stock worth $2,484,000 after purchasing an additional 238 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Invesco QQQ Trust by 3.9% during the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 2,668 shares of the exchange traded fund’s stock worth $568,000 after purchasing an additional 100 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of Invesco QQQ Trust by 112.7% during the fourth quarter. King Luther Capital Management Corp now owns 14,340 shares of the exchange traded fund’s stock worth $3,049,000 after purchasing an additional 7,597 shares in the last quarter. 43.35% of the stock is owned by institutional investors.

Separately, ValuEngine cut Invesco QQQ Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd.

Shares of NASDAQ:QQQ traded up $1.45 during trading on Thursday, hitting $261.44. 932,207 shares of the stock were exchanged, compared to its average volume of 40,775,240. The company has a fifty day moving average price of $239.97 and a two-hundred day moving average price of $218.89. Invesco QQQ Trust has a 12-month low of $164.93 and a 12-month high of $260.88.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.424 per share. This is a positive change from Invesco QQQ Trust’s previous quarterly dividend of $0.39. The ex-dividend date is Monday, June 22nd. This represents a $1.70 annualized dividend and a dividend yield of 0.65%.

About Invesco QQQ Trust

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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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