Embree Financial Group Has $56.17 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Embree Financial Group boosted its position in Invesco QQQ (NASDAQ:QQQ) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,080 shares of the exchange traded fund’s stock after buying an additional 4,858 shares during the quarter. Invesco QQQ makes up approximately 10.0% of Embree Financial Group’s portfolio, making the stock its biggest position. Embree Financial Group’s holdings in Invesco QQQ were worth $56,167,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Seamount Financial Group Inc. grew its holdings in shares of Invesco QQQ by 2.3% in the third quarter. Seamount Financial Group Inc. now owns 5,369 shares of the exchange traded fund’s stock worth $2,620,000 after purchasing an additional 120 shares during the last quarter. Integris Wealth Management LLC purchased a new position in shares of Invesco QQQ during the third quarter valued at about $239,000. Key Client Fiduciary Advisors LLC raised its position in shares of Invesco QQQ by 8.5% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 7,922 shares of the exchange traded fund’s stock worth $3,866,000 after acquiring an additional 618 shares in the last quarter. TriaGen Wealth Management LLC bought a new position in Invesco QQQ in the third quarter worth $270,000. Finally, First Bancorp Inc ME lifted its position in Invesco QQQ by 22.9% during the 3rd quarter. First Bancorp Inc ME now owns 912 shares of the exchange traded fund’s stock valued at $445,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $494.47 on Friday. The stock’s fifty day moving average price is $477.68 and its 200-day moving average price is $464.99. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

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.