Invesco QQQ $QQQ Shares Sold by Capital Management Associates Inc

Capital Management Associates Inc lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 49.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 37,016 shares of the exchange traded fund’s stock after selling 35,950 shares during the quarter. Invesco QQQ comprises about 6.5% of Capital Management Associates Inc’s portfolio, making the stock its 5th largest holding. Capital Management Associates Inc’s holdings in Invesco QQQ were worth $20,420,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. GSG Advisors LLC increased its position in Invesco QQQ by 8.2% during 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 period. Amundi increased its position in 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 acquiring an additional 6,600 shares during the period. Jackson Wealth Management LLC increased its position in Invesco QQQ by 8.6% during the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock worth $9,428,000 after acquiring an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. increased its position in Invesco QQQ by 8.4% during the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after acquiring an additional 605 shares during the period. Finally, AM Investment Strategies LLC increased its position in Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after acquiring an additional 612 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1%

NASDAQ:QQQ opened at $610.70 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $611.75. The firm’s 50-day simple moving average is $583.17 and its 200 day simple moving average is $535.28.

Invesco QQQ Increases Dividend

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

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.