HMS Capital Management LLC Sells 1,208 Shares of Invesco QQQ (NASDAQ:QQQ)

HMS Capital Management LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,731 shares of the exchange traded fund’s stock after selling 1,208 shares during the period. Invesco QQQ comprises 4.5% of HMS Capital Management LLC’s holdings, making the stock its 4th largest holding. HMS Capital Management LLC’s holdings in Invesco QQQ were worth $7,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. 180 Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 1.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after acquiring an additional 29 shares in the last quarter. Goodwin Daniel L boosted its position in shares of Invesco QQQ by 76.1% during the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after acquiring an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares in the last quarter. Cornerstone Advisors LLC boosted its position in shares of Invesco QQQ by 36.7% during the 2nd quarter. Cornerstone Advisors LLC now owns 108,000 shares of the exchange traded fund’s stock worth $39,897,000 after acquiring an additional 29,000 shares in the last quarter. Finally, Scarborough Advisors LLC boosted its position in shares of Invesco QQQ by 73.3% during the 3rd quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock worth $492,000 after acquiring an additional 581 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $443.32 on Wednesday. The firm has a 50 day simple moving average of $432.41 and a 200 day simple moving average of $398.85. Invesco QQQ has a one year low of $304.77 and a one year high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Monday, March 18th.

About Invesco QQQ

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.