May Barnhard Investments LLC Has $7.11 Million Holdings in Invesco QQQ $QQQ

May Barnhard Investments LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 8.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,842 shares of the exchange traded fund’s stock after selling 1,038 shares during the quarter. Invesco QQQ comprises 3.3% of May Barnhard Investments LLC’s portfolio, making the stock its 7th largest holding. May Barnhard Investments LLC’s holdings in Invesco QQQ were worth $7,110,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Advisory Services LLC boosted its holdings in Invesco QQQ by 42.4% in the 3rd quarter. Ameritas Advisory Services LLC now owns 101,959 shares of the exchange traded fund’s stock valued at $61,213,000 after purchasing an additional 30,362 shares during the period. CENTRAL TRUST Co raised its position in shares of Invesco QQQ by 10.2% in the third quarter. CENTRAL TRUST Co now owns 23,717 shares of the exchange traded fund’s stock worth $14,239,000 after buying an additional 2,195 shares in the last quarter. PFG Private Wealth Management LLC bought a new stake in Invesco QQQ during the third quarter valued at $1,529,000. IMA Advisory Services Inc. grew its position in Invesco QQQ by 33.5% during the third quarter. IMA Advisory Services Inc. now owns 3,034 shares of the exchange traded fund’s stock worth $1,822,000 after buying an additional 761 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its stake in Invesco QQQ by 29.9% in the 3rd quarter. Missouri Trust & Investment Co now owns 487 shares of the exchange traded fund’s stock worth $292,000 after acquiring an additional 112 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Down 2.0%

NASDAQ:QQQ opened at $600.58 on Friday. The business’s 50-day moving average price is $618.77 and its two-hundred day moving average price is $603.28. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $0.7941 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

Invesco QQQ Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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