Invesco QQQ $QQQ Shares Sold by Capital Market Strategies LLC

Capital Market Strategies LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 23.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,105 shares of the exchange traded fund’s stock after selling 662 shares during the period. Invesco QQQ comprises 0.8% of Capital Market Strategies LLC’s portfolio, making the stock its 24th largest position. Capital Market Strategies LLC’s holdings in Invesco QQQ were worth $1,161,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. First Financial Bank Trust Division lifted its position in shares of Invesco QQQ by 34.4% during the second quarter. First Financial Bank Trust Division now owns 1,044 shares of the exchange traded fund’s stock worth $576,000 after purchasing an additional 267 shares in the last quarter. Waller Financial Planning Group Inc. lifted its position in shares of Invesco QQQ by 64.7% during the second quarter. Waller Financial Planning Group Inc. now owns 1,509 shares of the exchange traded fund’s stock worth $832,000 after purchasing an additional 593 shares in the last quarter. Park National Corp OH lifted its position in shares of Invesco QQQ by 5.6% during the second quarter. Park National Corp OH now owns 2,155 shares of the exchange traded fund’s stock worth $1,189,000 after purchasing an additional 114 shares in the last quarter. First National Bank Sioux Falls acquired a new position in shares of Invesco QQQ during the second quarter worth $216,000. Finally, Kera Capital Partners Inc. acquired a new stake in Invesco QQQ in the second quarter valued at $709,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.4%

QQQ opened at $586.66 on Friday. The firm’s fifty day moving average price is $568.24 and its 200 day moving average price is $520.50. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $587.86.

Invesco QQQ Cuts Dividend

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

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.