Invesco QQQ $QQQ Shares Sold by Maple Capital Management Inc.

Maple Capital Management Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,285 shares of the exchange traded fund’s stock after selling 108 shares during the quarter. Maple Capital Management Inc.’s holdings in Invesco QQQ were worth $1,260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kelleher Financial Advisors grew its stake in shares of Invesco QQQ by 8.5% in the 2nd quarter. Kelleher Financial Advisors now owns 6,503 shares of the exchange traded fund’s stock valued at $3,588,000 after buying an additional 507 shares in the last quarter. Comprehensive Financial Planning Inc. PA grew its position in Invesco QQQ by 6.4% in the second quarter. Comprehensive Financial Planning Inc. PA now owns 3,462 shares of the exchange traded fund’s stock worth $1,910,000 after acquiring an additional 209 shares in the last quarter. Wealth Alliance LLC increased its stake in shares of Invesco QQQ by 5.7% during the 2nd quarter. Wealth Alliance LLC now owns 1,659 shares of the exchange traded fund’s stock worth $915,000 after purchasing an additional 89 shares during the last quarter. Bouchey Financial Group Ltd increased its stake in shares of Invesco QQQ by 0.4% during the 2nd quarter. Bouchey Financial Group Ltd now owns 380,017 shares of the exchange traded fund’s stock worth $209,687,000 after purchasing an additional 1,405 shares during the last quarter. Finally, Apex Wealth Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter valued at $1,262,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $621.57 on Wednesday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The company’s fifty day moving average price is $603.52 and its two-hundred day moving average price is $562.90.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a dividend of $0.694 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.