Sims Investment Management LLC Has $6.07 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Sims Investment Management LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,941 shares of the exchange traded fund's stock after buying an additional 2,538 shares during the quarter. Invesco QQQ makes up approximately 2.7% of Sims Investment Management LLC's holdings, making the stock its 9th largest holding. Sims Investment Management LLC's holdings in Invesco QQQ were worth $6,069,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. NWI Management LP increased its holdings in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC increased its holdings in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Senator Investment Group LP bought a new position in Invesco QQQ during the 4th quarter worth about $679,936,000. Asset Planning Services Inc. LA ADV increased its holdings in Invesco QQQ by 100,517.9% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after purchasing an additional 931,801 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ stock traded up $1.87 during trading hours on Friday, reaching $548.09. 57,440,636 shares of the stock were exchanged, compared to its average volume of 39,006,887. The firm's 50-day moving average is $509.76 and its 200-day moving average is $503.88. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $549.99.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

Invesco QQQ Profile

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.