Strategic Financial Group LLC lessened its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 3.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,886 shares of the exchange traded fund’s stock after selling 326 shares during the quarter. Strategic Financial Group LLC’s holdings in Invesco QQQ Trust were worth $1,776,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morgan Stanley raised its holdings in shares of Invesco QQQ Trust by 31.9% during the third quarter. Morgan Stanley now owns 18,007,827 shares of the exchange traded fund’s stock valued at $3,345,675,000 after purchasing an additional 4,353,877 shares during the period. Ellis Investment Partners LLC increased its position in shares of Invesco QQQ Trust by 17,883.3% during the first quarter. Ellis Investment Partners LLC now owns 6,329,777 shares of the exchange traded fund’s stock worth $6,329,000 after acquiring an additional 6,294,579 shares in the last quarter. Deutsche Bank AG increased its position in shares of Invesco QQQ Trust by 267,182.0% during the fourth quarter. Deutsche Bank AG now owns 5,043,612 shares of the exchange traded fund’s stock worth $778,025,000 after acquiring an additional 5,041,725 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Invesco QQQ Trust during the first quarter worth about $596,218,000. Finally, Banque Pictet & Cie SA increased its position in shares of Invesco QQQ Trust by 569.1% during the fourth quarter. Banque Pictet & Cie SA now owns 3,159,757 shares of the exchange traded fund’s stock worth $487,424,000 after acquiring 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.
Shares of NASDAQ:QQQ traded down $0.81 during midday trading on Wednesday, hitting $181.02. 23,415,150 shares of the company’s stock were exchanged, compared to its average volume of 35,604,621. Invesco QQQ Trust has a 12 month low of $143.46 and a 12 month high of $191.32.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a $0.3242 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Monday, March 18th.
Invesco QQQ Trust 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.
Read More: What is Compound Interest?
Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.