Pictet North America Advisors SA lowered its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 97.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,395 shares of the exchange traded fund’s stock after selling 2,959,400 shares during the quarter. Invesco QQQ Trust makes up approximately 2.2% of Pictet North America Advisors SA’s portfolio, making the stock its 15th largest holding. Pictet North America Advisors SA’s holdings in Invesco QQQ Trust were worth $14,803,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of QQQ. Bank of New York Mellon Corp lifted its position in Invesco QQQ Trust by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 114,479 shares of the exchange traded fund’s stock worth $21,270,000 after acquiring an additional 1,154 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Invesco QQQ Trust during the third quarter valued at about $752,000. North Star Investment Management Corp. raised its position in shares of Invesco QQQ Trust by 64.4% during the fourth quarter. North Star Investment Management Corp. now owns 9,984 shares of the exchange traded fund’s stock valued at $1,540,000 after buying an additional 3,911 shares during the last quarter. Moody National Bank Trust Division acquired a new position in shares of Invesco QQQ Trust during the fourth quarter valued at about $471,000. Finally, Astor Investment Management LLC raised its position in shares of Invesco QQQ Trust by 6.9% during the fourth quarter. Astor Investment Management LLC now owns 125,967 shares of the exchange traded fund’s stock valued at $19,431,000 after buying an additional 8,113 shares during the last quarter. Institutional investors own 40.35% of the company’s stock.
Shares of QQQ traded down $1.46 during trading hours on Wednesday, reaching $176.03. 39,584,800 shares of the company traded hands, compared to its average volume of 35,562,551. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $191.32.
The business also recently disclosed 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 0.74%. The ex-dividend date was Monday, March 18th.
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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