Invesco QQQ $QQQ Shares Sold by Sims Investment Management LLC

Sims Investment Management LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,692 shares of the exchange traded fund’s stock after selling 249 shares during the period. Invesco QQQ comprises approximately 2.8% of Sims Investment Management LLC’s holdings, making the stock its 9th largest position. Sims Investment Management LLC’s holdings in Invesco QQQ were worth $7,001,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Financial Synergies Wealth Advisors Inc. lifted its position in Invesco QQQ by 5.6% in the second quarter. Financial Synergies Wealth Advisors Inc. now owns 1,628 shares of the exchange traded fund’s stock valued at $898,000 after purchasing an additional 86 shares during the period. John G Ullman & Associates Inc. acquired a new stake in Invesco QQQ in the second quarter valued at about $209,000. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ in the second quarter valued at about $30,000. SAM Advisors LLC lifted its position in Invesco QQQ by 4.8% in the second quarter. SAM Advisors LLC now owns 39,270 shares of the exchange traded fund’s stock valued at $21,663,000 after purchasing an additional 1,799 shares during the period. Finally, Signature Estate & Investment Advisors LLC lifted its position in shares of Invesco QQQ by 1.9% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 28,903 shares of the exchange traded fund’s stock valued at $15,944,000 after acquiring an additional 535 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $603.93 on Friday. The business’s 50 day simple moving average is $587.30 and its 200-day simple moving average is $540.73. Invesco QQQ has a 12 month low of $402.39 and a 12 month 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 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 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.