Invesco QQQ (NASDAQ:QQQ) is Main Street Group LTD’s 8th Largest Position

Main Street Group LTD lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,912 shares of the exchange traded fund’s stock after selling 434 shares during the period. Invesco QQQ comprises approximately 3.2% of Main Street Group LTD’s holdings, making the stock its 8th biggest position. Main Street Group LTD’s holdings in Invesco QQQ were worth $7,666,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the 1st quarter worth $28,000. Deane Retirement Strategies Inc. purchased a new stake in shares of Invesco QQQ in the first quarter valued at $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the 2nd quarter worth about $30,000. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new position in Invesco QQQ during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock traded down $12.35 during midday trading on Friday, reaching $448.69. The company’s stock had a trading volume of 50,624,385 shares, compared to its average volume of 40,492,672. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The stock has a fifty day simple moving average of $472.43 and a two-hundred day simple moving average of $455.91.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a $0.7615 dividend. This represents a $3.05 annualized dividend and a dividend yield of 0.68%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th.

Invesco QQQ Company 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.