Invesco QQQ (NASDAQ:QQQ) is HMS Capital Management LLC’s 4th Largest Position

HMS Capital Management LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,731 shares of the exchange traded fund’s stock after selling 1,208 shares during the quarter. Invesco QQQ comprises about 4.5% of HMS Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. HMS Capital Management LLC’s holdings in Invesco QQQ were worth $7,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Moneta Group Investment Advisors LLC grew its stake in Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after acquiring an additional 43,463,232 shares in the last quarter. Morgan Stanley grew its stake in Invesco QQQ by 10.0% during the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after acquiring an additional 1,533,114 shares in the last quarter. Barclays PLC grew its stake in shares of Invesco QQQ by 113.5% in the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock worth $2,134,368,000 after buying an additional 48,423,350 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Invesco QQQ by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after buying an additional 52,019 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Invesco QQQ by 6.1% in 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 buying an additional 243,305 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $443.32 on Wednesday. Invesco QQQ has a 52 week low of $304.77 and a 52 week high of $449.34. The firm has a fifty day simple moving average of $432.41 and a two-hundred day simple moving average of $398.85.

Invesco QQQ Announces Dividend

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

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.