Hager Investment Management Services LLC Has $222,000 Stock Holdings in Invesco QQQ $QQQ

Hager Investment Management Services LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 403 shares of the exchange traded fund’s stock after selling 27 shares during the quarter. Hager Investment Management Services LLC’s holdings in Invesco QQQ were worth $222,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the 2nd quarter valued at $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ in the 1st quarter worth about $51,000. Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC raised its position in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $610.70 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $611.75. The stock has a 50-day moving average price of $583.17 and a 200-day moving average price of $535.28.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. 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.