Baker Ellis Asset Management LLC Sells 25 Shares of Invesco QQQ $QQQ

Baker Ellis Asset Management LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the 2nd quarter, Holdings Channel reports. The fund owned 6,430 shares of the exchange traded fund’s stock after selling 25 shares during the period. Baker Ellis Asset Management LLC’s holdings in Invesco QQQ were worth $3,547,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings 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 acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new stake in Invesco QQQ in the first quarter worth $2,775,904,000. GAMMA Investing LLC grew its position in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Spear Holdings RSC Ltd purchased a new position in shares of Invesco QQQ in the first quarter valued at $474,600,000. Finally, Altimeter Capital Management LP purchased a new position in shares of Invesco QQQ in the first quarter valued at $463,293,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $586.66 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $587.86. The business has a 50-day simple moving average of $568.24 and a 200 day simple moving average of $520.68.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.