May Hill Capital LLC Decreases Position in Invesco QQQ $QQQ

May Hill Capital LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 16.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 379 shares of the exchange traded fund’s stock after selling 73 shares during the period. May Hill Capital LLC’s holdings in Invesco QQQ were worth $209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Taylor Financial Group Inc. boosted its position in Invesco QQQ by 2.2% in the 2nd quarter. Taylor Financial Group Inc. now owns 2,738 shares of the exchange traded fund’s stock valued at $1,510,000 after buying an additional 58 shares during the period. Alexander Labrunerie & CO. Inc. purchased a new position in Invesco QQQ in the 2nd quarter valued at approximately $288,000. Rossby Financial LCC boosted its position in Invesco QQQ by 13.9% in the 2nd quarter. Rossby Financial LCC now owns 246 shares of the exchange traded fund’s stock valued at $136,000 after buying an additional 30 shares during the period. Facet Wealth Inc. boosted its position in Invesco QQQ by 46.4% in the 2nd quarter. Facet Wealth Inc. now owns 2,368 shares of the exchange traded fund’s stock valued at $1,338,000 after buying an additional 751 shares during the period. Finally, Liberty Wealth Management LLC boosted its position in Invesco QQQ by 9.6% in the 2nd quarter. Liberty Wealth Management LLC now owns 3,075 shares of the exchange traded fund’s stock valued at $1,697,000 after buying an additional 270 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $632.92 on Wednesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $634.68. The firm has a 50 day moving average of $592.90 and a two-hundred day moving average of $550.17.

Invesco QQQ Increases Dividend

The firm 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 of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.4%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

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.