Invesco QQQ $QQQ Shares Sold by Hancock Prospecting Pty Ltd

Hancock Prospecting Pty Ltd cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 50.0% during the second quarter, Holdings Channel reports. The fund owned 1,277,709 shares of the exchange traded fund’s stock after selling 1,277,709 shares during the quarter. Invesco QQQ comprises about 22.4% of Hancock Prospecting Pty Ltd’s holdings, making the stock its biggest holding. Hancock Prospecting Pty Ltd’s holdings in Invesco QQQ were worth $704,835,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GSG Advisors LLC raised its holdings in Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after acquiring an additional 585 shares during the period. Amundi boosted its holdings in shares of Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after acquiring an additional 6,600 shares during the period. BCGM Wealth Management LLC grew its position in shares of Invesco QQQ by 13.6% in the second quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after purchasing an additional 3,066 shares during the last quarter. Prospect Financial Services LLC increased its stake in shares of Invesco QQQ by 9.1% during the second quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock worth $6,490,000 after purchasing an additional 986 shares during the period. Finally, Wisconsin Wealth Advisors LLC lifted its holdings in Invesco QQQ by 21.2% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 6,747 shares of the exchange traded fund’s stock worth $3,722,000 after purchasing an additional 1,179 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $613.62 on Friday. The business has a fifty day simple moving average of $613.64 and a 200 day simple moving average of $580.16. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a dividend of $0.694 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was 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.