Shelton Capital Management Sells 118 Shares of Invesco QQQ $QQQ

Shelton Capital Management lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,374 shares of the exchange traded fund’s stock after selling 118 shares during the quarter. Shelton Capital Management’s holdings in Invesco QQQ were worth $5,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its position in shares of Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after acquiring an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Invesco QQQ by 959.6% during the first 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 last quarter. Symphony Financial Ltd. Co. bought a new position in shares of Invesco QQQ in the 2nd quarter valued at $1,236,482,000. JPMorgan Chase & Co. increased its stake in shares of Invesco QQQ by 42.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after purchasing an additional 1,457,109 shares during the last quarter. Finally, Altimeter Capital Management LP acquired a new position in shares of Invesco QQQ during the 1st quarter worth $463,293,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3%

NASDAQ:QQQ opened at $617.17 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The stock’s 50-day simple moving average is $609.34 and its 200 day simple moving average is $574.25.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a dividend of $0.694 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.