Heritage Investors Management Corp Trims Stock Position in Invesco QQQ $QQQ

Heritage Investors Management Corp lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,302 shares of the exchange traded fund’s stock after selling 172 shares during the quarter. Heritage Investors Management Corp’s holdings in Invesco QQQ were worth $2,373,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. GSG Advisors LLC grew its stake in shares of Invesco QQQ by 8.2% in the first 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 in the last quarter. Amundi grew its stake 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 worth $49,980,000 after acquiring an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC grew its stake in shares of Invesco QQQ by 8.6% in the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock worth $9,428,000 after acquiring an additional 1,586 shares in the last quarter. Greykasell Wealth Strategies Inc. grew its stake in shares of Invesco QQQ by 8.4% in the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after acquiring an additional 605 shares in the last quarter. Finally, AM Investment Strategies LLC grew its stake in shares of Invesco QQQ by 46.5% in the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after acquiring an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $626.05 on Friday. The company has a fifty day simple moving average of $595.56 and a two-hundred day simple moving average of $551.96. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

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 paid a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

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.