Tompkins Financial Corp Lowers Holdings in Invesco QQQ $QQQ

Tompkins Financial Corp decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,754 shares of the exchange traded fund’s stock after selling 157 shares during the quarter. Tompkins Financial Corp’s holdings in Invesco QQQ were worth $1,519,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Goldman Sachs Group Inc. raised its holdings in Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ in the first quarter valued at approximately $2,775,904,000. GAMMA Investing LLC raised its holdings in Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after acquiring an additional 1,868,580 shares in the last quarter. Spear Holdings RSC Ltd purchased a new position in Invesco QQQ in the first quarter valued at approximately $474,600,000. Finally, Altimeter Capital Management LP purchased a new position in Invesco QQQ in the first quarter valued at approximately $463,293,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2%

Shares of Invesco QQQ stock opened at $590.00 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $592.86. The firm’s 50 day moving average is $570.49 and its two-hundred day moving average is $522.22.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.