Invesco QQQ $QQQ is Cavalier Investments LLC’s 5th Largest Position

Cavalier Investments LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 44.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,936 shares of the exchange traded fund’s stock after selling 26,010 shares during the period. Invesco QQQ makes up 5.3% of Cavalier Investments LLC’s portfolio, making the stock its 5th biggest holding. Cavalier Investments LLC’s holdings in Invesco QQQ were worth $17,617,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Compass Financial Services Inc grew its position in shares of Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after purchasing an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. lifted its holdings in shares of Invesco QQQ by 4.2% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after acquiring an additional 20 shares during the last quarter. Barrett & Company Inc. lifted its holdings in shares of Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after acquiring an additional 20 shares during the last quarter. waypoint wealth counsel lifted its holdings in shares of Invesco QQQ by 0.6% during the 2nd quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock worth $1,964,000 after acquiring an additional 20 shares during the last quarter. Finally, Investment Advisory Group LLC lifted its holdings in shares of Invesco QQQ by 0.4% during the 2nd quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock worth $3,158,000 after acquiring an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.0%

NASDAQ QQQ opened at $611.38 on Wednesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $613.18. The company has a fifty day moving average of $588.70 and a 200-day moving average of $543.16.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase 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.