Invesco QQQ $QQQ Shares Sold by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC has decreased its holdings in Invesco QQQ by 18.8%, owning now 3,428 shares valued at approximately $1.89 million.
• Several other hedge funds have adjusted their stakes in Invesco QQQ, with institutional investors and hedge funds collectively owning 44.58% of the company's stock.
• The fund recently declared a quarterly dividend of $0.5911 per share, representing an annualized dividend of $2.36 and a yield of 0.4%.

Procyon Advisors LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,428 shares of the exchange traded fund's stock after selling 796 shares during the quarter. Procyon Advisors LLC's holdings in Invesco QQQ were worth $1,891,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Compass Financial Services Inc grew its position in Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after buying an additional 19 shares during the last quarter. Willis Johnson & Associates Inc. boosted its stake in Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after purchasing an additional 21 shares during the period. MTM Investment Management LLC grew its position in Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after purchasing an additional 21 shares in the last quarter. Cutler Investment Counsel LLC grew its position in Invesco QQQ by 1.4% during the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after purchasing an additional 21 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC grew its position in Invesco QQQ by 1.6% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock worth $707,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.1%

NASDAQ QQQ opened at $591.18 on Wednesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $592.86. The firm's 50 day moving average price is $569.81 and its two-hundred day moving average price is $521.75.

Invesco QQQ Cuts Dividend

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

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.

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