Trademark Financial Management LLC Has $7.37 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Trademark Financial Management LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,093 shares of the exchange traded fund’s stock after selling 455 shares during the period. Invesco QQQ makes up approximately 5.8% of Trademark Financial Management LLC’s holdings, making the stock its 3rd biggest holding. Trademark Financial Management LLC’s holdings in Invesco QQQ were worth $7,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Socha Financial Group LLC raised its stake in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares during the period. Spinnaker Trust increased its holdings in shares of Invesco QQQ by 1.6% in the third quarter. Spinnaker Trust now owns 45,240 shares of the exchange traded fund’s stock worth $22,080,000 after acquiring an additional 703 shares in the last quarter. American Capital Advisory LLC raised its position in shares of Invesco QQQ by 55.3% during the third quarter. American Capital Advisory LLC now owns 250 shares of the exchange traded fund’s stock worth $122,000 after purchasing an additional 89 shares during the period. Maia Wealth LLC lifted its holdings in shares of Invesco QQQ by 2.3% during the 3rd quarter. Maia Wealth LLC now owns 1,607 shares of the exchange traded fund’s stock valued at $791,000 after purchasing an additional 36 shares in the last quarter. Finally, Foster & Motley Inc. grew its position in shares of Invesco QQQ by 8.0% in the 3rd quarter. Foster & Motley Inc. now owns 766 shares of the exchange traded fund’s stock valued at $374,000 after purchasing an additional 57 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $505.58 on Thursday. Invesco QQQ has a 52-week low of $369.05 and a 52-week high of $506.41. The business has a 50 day simple moving average of $483.00 and a 200 day simple moving average of $470.34.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

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.