Roof Eidam Maycock Peralta LLC Sells 723 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• Roof Eidam Maycock Peralta LLC reduced its stake in Invesco QQQ by 3.1%, holding 22,704 shares post-sale, which constitutes 2.8% of its investment portfolio.
• Invesco QQQ's quarterly dividend, recently paid, amounts to $0.5911 per share, translating to an annualized dividend of $2.36 and a yield of 0.4%.
• As of the latest reporting, 44.58% of Invesco QQQ stock is owned by hedge funds and institutional investors.

Roof Eidam Maycock Peralta LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,704 shares of the exchange traded fund's stock after selling 723 shares during the quarter. Invesco QQQ comprises approximately 2.8% of Roof Eidam Maycock Peralta LLC's portfolio, making the stock its 13th biggest holding. Roof Eidam Maycock Peralta LLC's holdings in Invesco QQQ were worth $10,646,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new position in shares of Invesco QQQ during the first quarter valued at about $2,775,904,000. NWI Management LP increased its holdings in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after buying an additional 3,648,000 shares during the period. GAMMA Investing LLC increased its holdings in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares during the period. Finally, Senator Investment Group LP bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $679,936,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $1.92 during trading hours on Thursday, reaching $569.24. The company had a trading volume of 44,049,632 shares, compared to its average volume of 44,292,076. The company has a 50-day moving average price of $547.85 and a 200 day moving average price of $512.02. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $574.63.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.