Great Valley Advisor Group Inc. lessened its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 15.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,520 shares of the exchange traded fund’s stock after selling 3,432 shares during the quarter. Invesco QQQ Trust makes up 1.1% of Great Valley Advisor Group Inc.’s holdings, making the stock its 16th biggest holding. Great Valley Advisor Group Inc.’s holdings in Invesco QQQ Trust were worth $3,504,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Morgan Stanley grew its position in Invesco QQQ Trust by 31.9% in the 3rd quarter. Morgan Stanley now owns 18,007,827 shares of the exchange traded fund’s stock worth $3,345,675,000 after purchasing an additional 4,353,877 shares in the last quarter. Ellis Investment Partners LLC grew its position in Invesco QQQ Trust by 17,883.3% in the 1st quarter. Ellis Investment Partners LLC now owns 6,329,777 shares of the exchange traded fund’s stock worth $6,329,000 after purchasing an additional 6,294,579 shares in the last quarter. Deutsche Bank AG grew its position in Invesco QQQ Trust by 267,182.0% in the 4th quarter. Deutsche Bank AG now owns 5,043,612 shares of the exchange traded fund’s stock worth $778,025,000 after purchasing an additional 5,041,725 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in Invesco QQQ Trust in the 1st quarter worth about $596,218,000. Finally, Banque Pictet & Cie SA grew its position in Invesco QQQ Trust by 569.1% in the 4th quarter. Banque Pictet & Cie SA now owns 3,159,757 shares of the exchange traded fund’s stock worth $487,424,000 after purchasing an additional 2,687,482 shares in the last quarter. 44.15% of the stock is currently owned by hedge funds and other institutional investors.
QQQ stock traded down $0.81 during trading on Wednesday, reaching $181.02. The stock had a trading volume of 23,415,150 shares, compared to its average volume of 35,604,621. Invesco QQQ Trust has a one year low of $143.46 and a one year high of $191.32.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.3242 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, March 18th.
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Invesco QQQ Trust 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.
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