Mathes Company Inc. lowered its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,290 shares of the exchange traded fund’s stock after selling 250 shares during the quarter. Mathes Company Inc.’s holdings in Invesco QQQ Trust were worth $950,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Sontag Advisory LLC bought a new position in Invesco QQQ Trust during the fourth quarter worth about $46,000. CX Institutional lifted its holdings in shares of Invesco QQQ Trust by 1,811.1% in the fourth quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 326 shares in the last quarter. Capital Financial Planning LLC purchased a new stake in shares of Invesco QQQ Trust in the fourth quarter worth about $55,000. LS Investment Advisors LLC raised its stake in Invesco QQQ Trust by 25.0% in the fourth quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 75 shares in the last quarter. Finally, St. Johns Investment Management Company LLC purchased a new stake in Invesco QQQ Trust in the first quarter valued at approximately $61,000. Institutional investors own 40.35% of the company’s stock.
QQQ traded down $1.46 on Wednesday, reaching $176.03. The company had a trading volume of 39,584,800 shares, compared to its average volume of 35,562,551. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $191.32.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were paid a $0.3242 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 0.74%. 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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