Invesco QQQ $QQQ Stock Position Lessened by Howard Capital Management Inc.

Howard Capital Management Inc. reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,832,436 shares of the exchange traded fund’s stock after selling 150,180 shares during the period. Invesco QQQ makes up about 19.1% of Howard Capital Management Inc.’s holdings, making the stock its largest holding. Howard Capital Management Inc.’s holdings in Invesco QQQ were worth $1,562,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ in the 2nd quarter worth about $30,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ in the second quarter worth about $41,000. Blume Capital Management Inc. boosted its position in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Moser Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the period. Finally, Atlantic Private Wealth LLC grew its stake in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.8%

Invesco QQQ stock opened at $628.09 on Tuesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $628.55. The firm’s 50 day simple moving average is $591.63 and its 200 day simple moving average is $548.87.

Invesco QQQ Increases Dividend

The firm also recently disclosed 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 represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. 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.