Invesco QQQ Trust (QQQ) Holdings Lowered by Shulman DeMeo Asset Management LLC

Shulman DeMeo Asset Management LLC lowered its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,193 shares of the exchange traded fund’s stock after selling 665 shares during the quarter. Invesco QQQ Trust makes up approximately 3.8% of Shulman DeMeo Asset Management LLC’s portfolio, making the stock its 3rd largest holding. Shulman DeMeo Asset Management LLC’s holdings in Invesco QQQ Trust were worth $9,916,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Carmichael Hill & Associates Inc. boosted its position in Invesco QQQ Trust by 1.4% during the first quarter. Carmichael Hill & Associates Inc. now owns 3,730 shares of the exchange traded fund’s stock worth $670,000 after purchasing an additional 53 shares during the period. Renaissance Investment Group LLC lifted its holdings in shares of Invesco QQQ Trust by 3.0% in the first quarter. Renaissance Investment Group LLC now owns 1,851 shares of the exchange traded fund’s stock worth $333,000 after buying an additional 54 shares in the last quarter. Middleton & Co Inc MA lifted its holdings in shares of Invesco QQQ Trust by 3.3% in the first quarter. Middleton & Co Inc MA now owns 1,870 shares of the exchange traded fund’s stock worth $336,000 after buying an additional 60 shares in the last quarter. TCI Wealth Advisors Inc. lifted its holdings in shares of Invesco QQQ Trust by 5.1% in the first quarter. TCI Wealth Advisors Inc. now owns 1,328 shares of the exchange traded fund’s stock worth $239,000 after buying an additional 65 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. lifted its holdings in shares of Invesco QQQ Trust by 1.3% in the first quarter. Ipswich Investment Management Co. Inc. now owns 5,038 shares of the exchange traded fund’s stock worth $905,000 after buying an additional 65 shares in the last quarter. Institutional investors own 40.35% of the company’s stock.

Shares of Invesco QQQ Trust stock traded down $1.46 on Wednesday, reaching $176.03. The stock had a trading volume of 39,584,800 shares, 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 company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were issued a $0.3242 dividend. This represents a $1.30 dividend on an annualized basis and a dividend 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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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