Schneider Downs Wealth Management Advisors LP acquired a new position in Invesco QQQ Trust (NASDAQ:QQQ) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,150 shares of the exchange traded fund’s stock, valued at approximately $207,000.
Several other large investors have also recently made changes to their positions in the company. Ellis Investment Partners LLC boosted its stake in shares of Invesco QQQ Trust by 17,883.3% in 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 during the last quarter. Deutsche Bank AG lifted its position in 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 buying an additional 5,041,725 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in Invesco QQQ Trust during the first quarter worth approximately $596,218,000. Banque Pictet & Cie SA lifted its position in 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 buying an additional 2,687,482 shares in the last quarter. Finally, Pictet North America Advisors SA lifted its position in Invesco QQQ Trust by 14,018.3% during the fourth quarter. Pictet North America Advisors SA now owns 3,041,795 shares of the exchange traded fund’s stock worth $469,227,000 after buying an additional 3,020,250 shares in the last quarter. Hedge funds and other institutional investors own 40.35% of the company’s stock.
NASDAQ:QQQ traded down $1.46 on Wednesday, reaching $176.03. The company’s stock had a trading volume of 39,584,800 shares, compared to its average volume of 35,562,551. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $191.32.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a $0.3242 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.30 dividend on an annualized basis and a yield of 0.74%.
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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