Invesco QQQ $QQQ is HMS Capital Management LLC's 3rd Largest Position

Key Points

• HMS Capital Management LLC reduced its stake in Invesco QQQ by 10.6% in Q1, making it the fund's 3rd largest position at about 5.2% of its total holdings.
• Several other institutional investors have recently altered their holdings in Invesco QQQ, with notable purchases in Q4 and Q1 totaling values ranging from $36,000 to $57,000.
• The latest quarterly dividend declared for Invesco QQQ was $0.5911, reflecting an annual yield of 0.4% and a total annualized dividend of $2.36.

HMS Capital Management LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,248 shares of the exchange traded fund's stock after selling 2,514 shares during the quarter. Invesco QQQ comprises about 5.2% of HMS Capital Management LLC's holdings, making the stock its 3rd biggest holding. HMS Capital Management LLC's holdings in Invesco QQQ were worth $9,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of QQQ. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the 1st quarter valued at $51,000. Banque Transatlantique SA purchased a new stake in Invesco QQQ in the 4th quarter valued at $57,000. Finally, Blume Capital Management Inc. raised its position in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 1.4%

QQQ stock opened at $569.28 on Wednesday. The company has a fifty day moving average price of $555.76 and a 200 day moving average price of $514.82. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.

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