Invesco QQQ (NASDAQ:QQQ) Stock Position Reduced by Hudock Inc.

Hudock Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 83.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,379 shares of the exchange traded fund’s stock after selling 33,273 shares during the period. Invesco QQQ comprises 0.6% of Hudock Inc.’s portfolio, making the stock its 28th largest position. Hudock Inc.’s holdings in Invesco QQQ were worth $2,833,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of QQQ. The Manufacturers Life Insurance Company raised its position in shares of Invesco QQQ by 66.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 112,890 shares of the exchange traded fund’s stock worth $40,440,000 after purchasing an additional 44,927 shares during the period. Toroso Investments LLC raised its position in shares of Invesco QQQ by 55.9% during the 3rd quarter. Toroso Investments LLC now owns 8,882 shares of the exchange traded fund’s stock worth $3,182,000 after purchasing an additional 3,186 shares during the period. Townsquare Capital LLC acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth approximately $12,994,000. Stonebridge Capital Advisors LLC raised its position in shares of Invesco QQQ by 187.7% during the 3rd quarter. Stonebridge Capital Advisors LLC now owns 587 shares of the exchange traded fund’s stock worth $210,000 after purchasing an additional 383 shares during the period. Finally, Horizon Family Wealth Inc. acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth approximately $8,839,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

QQQ traded up $1.18 during trading hours on Monday, hitting $497.34. The company’s stock had a trading volume of 21,928,581 shares, compared to its average volume of 40,404,836. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $497.89. The company has a 50-day simple moving average of $461.28 and a 200 day simple moving average of $439.72.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be given a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Monday, June 24th.

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.