Aull & Monroe Investment Management Corp Sells 150 Shares of Invesco QQQ $QQQ

Aull & Monroe Investment Management Corp cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 21.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 560 shares of the exchange traded fund’s stock after selling 150 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Invesco QQQ were worth $309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Financial Synergies Wealth Advisors Inc. lifted its stake in Invesco QQQ by 5.6% during the second quarter. Financial Synergies Wealth Advisors Inc. now owns 1,628 shares of the exchange traded fund’s stock worth $898,000 after purchasing an additional 86 shares during the last quarter. John G Ullman & Associates Inc. bought a new stake in Invesco QQQ during the second quarter worth $209,000. Morgan Dempsey Capital Management LLC bought a new stake in Invesco QQQ during the second quarter worth $30,000. SAM Advisors LLC lifted its stake in Invesco QQQ by 4.8% during the second quarter. SAM Advisors LLC now owns 39,270 shares of the exchange traded fund’s stock worth $21,663,000 after purchasing an additional 1,799 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its stake in Invesco QQQ by 1.9% during the second quarter. Signature Estate & Investment Advisors LLC now owns 28,903 shares of the exchange traded fund’s stock worth $15,944,000 after purchasing an additional 535 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $603.93 on Friday. The business has a fifty day moving average price of $587.30 and a two-hundred day moving average price of $540.73. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.

Invesco QQQ Increases Dividend

The company 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 a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.