JDM Financial Group LLC Cuts Position in Invesco QQQ (NASDAQ:QQQ)

JDM Financial Group LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,356 shares of the exchange traded fund’s stock after selling 82 shares during the quarter. Invesco QQQ accounts for 0.6% of JDM Financial Group LLC’s portfolio, making the stock its 23rd largest position. JDM Financial Group LLC’s holdings in Invesco QQQ were worth $1,150,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Invesco QQQ by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock worth $7,779,000 after buying an additional 832 shares during the period. Lantz Financial LLC purchased a new position in Invesco QQQ in the second quarter valued at about $214,000. LVW Advisors LLC acquired a new stake in Invesco QQQ during the 2nd quarter valued at approximately $203,000. Burke & Herbert Bank & Trust Co. acquired a new stake in Invesco QQQ during the 2nd quarter valued at approximately $203,000. Finally, NorthCrest Asset Manangement LLC increased its holdings in Invesco QQQ by 0.7% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 4,298 shares of the exchange traded fund’s stock worth $2,059,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.8 %

Invesco QQQ stock opened at $522.38 on Tuesday. Invesco QQQ has a 52 week low of $391.53 and a 52 week high of $526.72. The stock has a 50 day moving average of $500.28 and a 200-day moving average of $482.21.

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 paid a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.52%.

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.