Invesco QQQ $QQQ Holdings Lowered by Sims Investment Management LLC

Sims Investment Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 12,692 shares of the exchange traded fund’s stock after selling 249 shares during the period. Invesco QQQ makes up 2.8% of Sims Investment Management LLC’s holdings, making the stock its 9th largest holding. Sims Investment Management LLC’s holdings in Invesco QQQ were worth $7,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares in the last quarter. Wealth Group Ltd. increased its stake in shares of Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after purchasing an additional 4,835 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Invesco QQQ by 19.2% during the 1st quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock worth $1,872,000 after purchasing an additional 643 shares in the last quarter. Finally, Carr Financial Group Corp increased its stake in shares of Invesco QQQ by 79.0% during the 1st quarter. Carr Financial Group Corp now owns 14,302 shares of the exchange traded fund’s stock worth $6,707,000 after purchasing an additional 6,310 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $603.93 on Friday. The firm has a 50 day simple moving average of $587.30 and a 200-day simple moving average of $540.73. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18.

Invesco QQQ Increases Dividend

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

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.