Invesco QQQ $QQQ Shares Sold by Hancock Prospecting Pty Ltd

Hancock Prospecting Pty Ltd lowered its position in Invesco QQQ (NASDAQ:QQQ) by 50.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,277,709 shares of the exchange traded fund’s stock after selling 1,277,709 shares during the period. Invesco QQQ comprises 22.4% of Hancock Prospecting Pty Ltd’s holdings, making the stock its largest position. Hancock Prospecting Pty Ltd owned 0.20% of Invesco QQQ worth $704,835,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GSG Advisors LLC raised its holdings 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 valued at $3,600,000 after purchasing an additional 585 shares during the last quarter. Amundi boosted its holdings 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 purchasing an additional 6,600 shares during the last quarter. BCGM Wealth Management LLC increased its stake in Invesco QQQ by 13.6% in the 2nd quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after buying an additional 3,066 shares during the last quarter. Prospect Financial Services LLC lifted its position in Invesco QQQ by 9.1% during the 2nd quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock worth $6,490,000 after buying an additional 986 shares in the last quarter. Finally, Wisconsin Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 21.2% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 6,747 shares of the exchange traded fund’s stock worth $3,722,000 after buying an additional 1,179 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $613.62 on Friday. The business has a 50-day moving average of $613.64 and a 200-day moving average of $580.16. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

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 given 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 was Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

About Invesco QQQ

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.