CFO4Life Group LLC Sells 132 Shares of Invesco QQQ (NASDAQ:QQQ)

CFO4Life Group LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,368 shares of the exchange traded fund’s stock after selling 132 shares during the period. CFO4Life Group LLC’s holdings in Invesco QQQ were worth $1,495,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in shares of Invesco QQQ during the third quarter worth about $3,577,000. Deutsche Bank AG lifted its position in Invesco QQQ by 918.2% in the third quarter. Deutsche Bank AG now owns 52,224 shares of the exchange traded fund’s stock valued at $18,710,000 after purchasing an additional 47,095 shares during the last quarter. Trust Co. of Vermont lifted its position in Invesco QQQ by 4.6% in the third quarter. Trust Co. of Vermont now owns 11,164 shares of the exchange traded fund’s stock valued at $4,000,000 after purchasing an additional 496 shares during the last quarter. Scarborough Advisors LLC lifted its position in Invesco QQQ by 73.3% in the third quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after purchasing an additional 581 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Invesco QQQ by 6.3% in the third quarter. Wellington Management Group LLP now owns 23,796 shares of the exchange traded fund’s stock valued at $8,525,000 after purchasing an additional 1,406 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock traded up $7.09 during midday trading on Friday, hitting $499.02. The company had a trading volume of 22,159,523 shares, compared to its average volume of 40,137,719. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The stock’s 50 day moving average price is $466.96 and its 200 day moving average price is $441.76.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a $0.7615 dividend. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.61%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.