Thompson Davis & CO. Inc. Sells 941 Shares of Invesco QQQ $QQQ

Thompson Davis & CO. Inc. cut its stake in Invesco QQQ (NASDAQ:QQQ) by 58.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 676 shares of the exchange traded fund’s stock after selling 941 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Invesco QQQ were worth $373,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of QQQ. GSG Advisors LLC increased its stake in Invesco QQQ by 8.2% during the 1st 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 period. Amundi increased its holdings in shares of Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after buying an additional 6,600 shares in the last quarter. Greykasell Wealth Strategies Inc. raised its position in Invesco QQQ by 8.4% in the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after purchasing an additional 605 shares during the last quarter. AM Investment Strategies LLC raised its holdings 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 valued at $904,000 after buying an additional 612 shares during the last quarter. Finally, Banco Santander S.A. boosted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.0%

Shares of QQQ stock opened at $614.98 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The firm has a 50 day moving average of $604.54 and a 200-day moving average of $563.31.

Invesco QQQ Increases Dividend

The business also recently declared 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. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

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.