Invesco QQQ (NASDAQ:QQQ) is HMS Capital Management LLC’s 2nd Largest Position

HMS Capital Management LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 8.8% in the third quarter, Holdings Channel reports. The institutional investor owned 24,419 shares of the exchange traded fund’s stock after acquiring an additional 1,982 shares during the period. Invesco QQQ makes up about 5.8% of HMS Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. HMS Capital Management LLC’s holdings in Invesco QQQ were worth $11,918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Northeast Investment Management increased its position in Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after buying an additional 20 shares during the period. Prospect Financial Services LLC grew its position in shares of Invesco QQQ by 0.3% during the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares during the last quarter. Skyline Advisors Inc. increased its holdings in shares of Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares during the period. Madden Advisory Services Inc. boosted its stake in Invesco QQQ by 0.9% during the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after purchasing an additional 21 shares during the period. Finally, Sweeney & Michel LLC increased its stake in Invesco QQQ by 4.0% in the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 22 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.3 %

Shares of NASDAQ:QQQ opened at $492.21 on Wednesday. Invesco QQQ has a one year low of $366.91 and a one year high of $503.52. The company has a 50-day simple moving average of $482.32 and a 200-day simple moving average of $470.09.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

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.