Mach 1 Financial Group LLC Has $1.70 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Mach 1 Financial Group LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,503 shares of the exchange traded fund’s stock after selling 29 shares during the quarter. Invesco QQQ accounts for approximately 1.0% of Mach 1 Financial Group LLC’s holdings, making the stock its 22nd biggest position. Mach 1 Financial Group LLC’s holdings in Invesco QQQ were worth $1,702,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of QQQ. Northeast Investment Management lifted its stake in Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after acquiring an additional 20 shares during the last quarter. Prospect Financial Services LLC lifted its stake in Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after purchasing an additional 21 shares during the last quarter. Skyline Advisors Inc. lifted its stake in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares during the last quarter. Madden Advisory Services Inc. grew its holdings in Invesco QQQ by 0.9% during the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after purchasing an additional 21 shares during the period. Finally, Sweeney & Michel LLC increased its position in Invesco QQQ by 4.0% during the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 22 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.1 %

QQQ opened at $514.14 on Friday. Invesco QQQ has a 12-month low of $369.57 and a 12-month high of $514.92. The business has a 50 day moving average of $484.62 and a 200-day moving average of $471.30.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%.

About Invesco QQQ

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.