Hamilton Capital LLC Sells 132 Shares of Invesco QQQ (NASDAQ:QQQ)

Hamilton Capital LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 949 shares of the exchange traded fund’s stock after selling 132 shares during the quarter. Hamilton Capital LLC’s holdings in Invesco QQQ were worth $459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Northeast Investment Management lifted its holdings in shares of Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 20 shares during the period. Planning Capital Management Corp raised its position in Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares in the last quarter. Skyline Advisors Inc. lifted its stake in Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares during the last quarter. Madden Advisory Services Inc. boosted its holdings in shares of Invesco QQQ by 0.9% in the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after purchasing an additional 21 shares in the last quarter. Finally, Meridian Management Co. increased its stake in shares of Invesco QQQ by 0.6% in the 3rd quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock valued at $1,640,000 after purchasing an additional 21 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.9 %

NASDAQ:QQQ opened at $526.48 on Monday. Invesco QQQ has a twelve month low of $386.96 and a twelve month high of $526.72. The stock’s 50-day simple moving average is $499.59 and its 200 day simple moving average is $481.73.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Monday, September 23rd.

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.