Hill Island Financial LLC Has $5.79 Million Stake in Invesco QQQ $QQQ

Hill Island Financial LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 10,500 shares of the exchange traded fund’s stock after selling 71 shares during the quarter. Invesco QQQ accounts for 1.6% of Hill Island Financial LLC’s holdings, making the stock its 12th largest position. Hill Island Financial LLC’s holdings in Invesco QQQ were worth $5,792,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. GSG Advisors LLC raised its holdings in Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after acquiring an additional 585 shares during the period. Amundi grew its position in shares of Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after purchasing an additional 6,600 shares during the last quarter. Jackson Wealth Management LLC boosted its stake in Invesco QQQ by 8.6% during the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock valued at $9,428,000 after purchasing an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. grew its holdings in Invesco QQQ by 8.4% in the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after buying an additional 605 shares during the last quarter. Finally, AM Investment Strategies LLC increased its position in Invesco QQQ by 46.5% in the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after buying an additional 612 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4%

Shares of QQQ stock opened at $603.18 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $607.33. The stock has a 50 day moving average of $579.85 and a 200-day moving average of $532.54.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.