Invesco QQQ $QQQ Position Lowered by May Barnhard Investments LLC

May Barnhard Investments LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 3.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 12,880 shares of the exchange traded fund’s stock after selling 516 shares during the quarter. Invesco QQQ accounts for approximately 3.3% of May Barnhard Investments LLC’s holdings, making the stock its 7th largest position. May Barnhard Investments LLC’s holdings in Invesco QQQ were worth $7,105,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of QQQ. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ in the second quarter worth $41,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter worth $51,000. Blume Capital Management Inc. increased its position in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC increased 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 during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $603.93 on Friday. The company’s fifty day moving average is $587.30 and its 200 day moving average is $540.28. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 22nd.

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.