Marshall Financial Group LLC Cuts Stock Holdings in Invesco QQQ $QQQ

Marshall Financial Group LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 53.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,058 shares of the exchange traded fund’s stock after selling 15,220 shares during the period. Invesco QQQ comprises approximately 1.4% of Marshall Financial Group LLC’s portfolio, making the stock its 14th largest position. Marshall Financial Group LLC’s holdings in Invesco QQQ were worth $7,208,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Park Capital Management LLC WI purchased a new stake in shares of Invesco QQQ during the second quarter worth about $3,550,000. Fulton Bank N.A. boosted its holdings in shares of Invesco QQQ by 11.4% during the second quarter. Fulton Bank N.A. now owns 5,452 shares of the exchange traded fund’s stock worth $3,008,000 after purchasing an additional 557 shares during the period. Vista Investment Partners LLC boosted its holdings in shares of Invesco QQQ by 2.1% during the second quarter. Vista Investment Partners LLC now owns 8,752 shares of the exchange traded fund’s stock worth $4,828,000 after purchasing an additional 182 shares during the period. Strathmore Capital Advisors Inc. purchased a new stake in shares of Invesco QQQ during the second quarter worth about $452,000. Finally, Atticus Wealth Management LLC raised its stake in Invesco QQQ by 8.5% in the second quarter. Atticus Wealth Management LLC now owns 9,793 shares of the exchange traded fund’s stock worth $5,402,000 after buying an additional 764 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $590.00 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $592.86. The firm has a 50-day moving average of $570.49 and a 200 day moving average of $522.22.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.