Maple Capital Management Inc. Sells 108 Shares of Invesco QQQ $QQQ

Maple Capital Management Inc. cut its stake in Invesco QQQ (NASDAQ:QQQ) by 4.5% in the second quarter, Holdings Channel.com reports. The firm owned 2,285 shares of the exchange traded fund’s stock after selling 108 shares during the period. Maple Capital Management Inc.’s holdings in Invesco QQQ were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ during the second quarter worth about $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ in the second quarter worth $41,000. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares during the period. Moser Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares during the period. Finally, Atlantic Private Wealth LLC raised its position in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.3%

Shares of QQQ stock opened at $621.57 on Wednesday. The stock’s fifty day simple moving average is $603.52 and its 200 day simple moving average is $562.90. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 22nd. This is a positive change 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.