Aull & Monroe Investment Management Corp Sells 150 Shares of Invesco QQQ $QQQ

Aull & Monroe Investment Management Corp trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 21.1% in the second quarter, Holdings Channel reports. The fund owned 560 shares of the exchange traded fund’s stock after selling 150 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in Invesco QQQ were worth $309,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ during the 2nd quarter worth $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ during the 2nd quarter worth $41,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the 1st quarter worth $51,000. Finally, Blume Capital Management Inc. raised its position in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.7%

Shares of NASDAQ:QQQ opened at $603.93 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18. The business has a fifty day simple moving average of $587.30 and a 200 day simple moving average of $540.73.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.