Hager Investment Management Services LLC Sells 27 Shares of Invesco QQQ $QQQ

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $41,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the first quarter valued at $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. lifted its position in shares of Invesco QQQ by 105.0% during the first 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 lifted its position in shares of Invesco QQQ by 3,000.0% during the first 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. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ 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’s fifty day moving average price is $583.17 and its two-hundred day moving average price is $535.28.

Invesco QQQ Increases Dividend

The firm also recently disclosed 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 dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

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.