Delta Financial Group Inc. Has $941,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Delta Financial Group Inc. reduced its position in Invesco QQQ (NASDAQ:QQQ) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,298 shares of the exchange traded fund’s stock after selling 80 shares during the quarter. Delta Financial Group Inc.’s holdings in Invesco QQQ were worth $941,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Atlas Brown Inc. boosted its holdings in Invesco QQQ by 11.6% in the fourth quarter. Atlas Brown Inc. now owns 3,393 shares of the exchange traded fund’s stock valued at $1,389,000 after acquiring an additional 352 shares during the last quarter. Patron Partners LLC grew its position in shares of Invesco QQQ by 7.1% in the 4th quarter. Patron Partners LLC now owns 2,872 shares of the exchange traded fund’s stock valued at $1,176,000 after purchasing an additional 190 shares during the period. Cottage Street Advisors LLC boosted its position in Invesco QQQ by 11.1% during the 4th quarter. Cottage Street Advisors LLC now owns 6,121 shares of the exchange traded fund’s stock worth $2,476,000 after acquiring an additional 610 shares during the last quarter. TFB Advisors LLC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $1,542,000. Finally, Chilton Capital Management LLC boosted its holdings in shares of Invesco QQQ by 4.5% in the 4th quarter. Chilton Capital Management LLC now owns 3,382 shares of the exchange traded fund’s stock valued at $1,385,000 after buying an additional 146 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.2 %

QQQ traded down $0.82 during trading hours on Friday, reaching $444.01. The company’s stock had a trading volume of 36,839,641 shares, compared to its average volume of 45,533,704. The company’s 50-day moving average is $434.46 and its 200-day moving average is $399.97. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date is Monday, March 18th.

Invesco QQQ Company 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.