IMA Advisory Services Inc. Sells 193 Shares of Invesco QQQ $QQQ

IMA Advisory Services Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,273 shares of the exchange traded fund’s stock after selling 193 shares during the period. IMA Advisory Services Inc.’s holdings in Invesco QQQ were worth $1,255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GSG Advisors LLC grew its stake in shares of Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after acquiring an additional 585 shares during the last quarter. Amundi raised its position in shares of Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after purchasing an additional 6,600 shares during the last quarter. Greykasell Wealth Strategies Inc. boosted its stake in Invesco QQQ by 8.4% in the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after purchasing an additional 605 shares in the last quarter. AM Investment Strategies LLC boosted its stake in Invesco QQQ by 46.5% in the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after purchasing an additional 612 shares in the last quarter. Finally, Banco Santander S.A. grew its position in Invesco QQQ by 100.2% during the 1st quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock valued at $35,228,000 after purchasing an additional 37,605 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.2%

NASDAQ:QQQ opened at $623.23 on Tuesday. The company’s 50 day moving average price is $602.40 and its 200-day moving average price is $561.85. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. This is a boost 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.