Texas Yale Capital Corp. lessened its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 50.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,263 shares of the exchange traded fund’s stock after selling 70,717 shares during the period. Invesco QQQ Trust accounts for 1.0% of Texas Yale Capital Corp.’s holdings, making the stock its 14th biggest holding. Texas Yale Capital Corp.’s holdings in Invesco QQQ Trust were worth $13,121,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Macroview Investment Management LLC raised its stake in Invesco QQQ Trust by 112.7% during the second quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 1,200 shares during the last quarter. Farmers National Bank bought a new position in Invesco QQQ Trust during the first quarter worth $28,000. Larson Financial Group LLC bought a new position in Invesco QQQ Trust during the second quarter worth $29,000. Crosspoint Capital Strategies LLC bought a new position in Invesco QQQ Trust during the first quarter worth $43,000. Finally, St. Johns Investment Management Company LLC bought a new position in Invesco QQQ Trust during the first quarter worth $61,000. Institutional investors own 41.54% of the company’s stock.
NASDAQ QQQ traded down $2.80 during mid-day trading on Friday, reaching $187.35. 54,760,839 shares of the stock were exchanged, compared to its average volume of 24,630,070. Invesco QQQ Trust has a one year low of $143.46 and a one year high of $195.55. The company has a 50 day moving average of $190.19.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, June 25th were paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Monday, June 24th.
About Invesco QQQ Trust
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.
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