FinTrust Capital Advisors LLC trimmed its position in Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 18.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 435 shares of the exchange traded fund’s stock after selling 100 shares during the period. FinTrust Capital Advisors LLC’s holdings in Invesco QQQ Trust were worth $118,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. PrairieView Partners LLC raised its stake in shares of Invesco QQQ Trust by 419.0% in the 2nd quarter. PrairieView Partners LLC now owns 109 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 88 shares during the period. Birch Capital Management LLC purchased a new stake in Invesco QQQ Trust during the 2nd quarter worth approximately $35,000. Moisand Fitzgerald Tamayo LLC increased its stake in Invesco QQQ Trust by 356.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 146 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 114 shares during the period. Hoese & Co LLP increased its stake in Invesco QQQ Trust by 153.8% during the 3rd quarter. Hoese & Co LLP now owns 165 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 100 shares during the period. Finally, Piscataqua Savings Bank purchased a new stake in Invesco QQQ Trust during the 2nd quarter worth approximately $45,000. 43.08% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Trust Stock Down 1.3 %
Shares of QQQ opened at $260.10 on Thursday. Invesco QQQ Trust has a fifty-two week low of $254.26 and a fifty-two week high of $403.57. The firm’s 50 day moving average price is $278.50 and its 200 day moving average price is $288.62.
Invesco QQQ Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Tuesday, December 20th were given a $0.655 dividend. The ex-dividend date was Monday, December 19th. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.52. This represents a $2.62 dividend on an annualized basis and a dividend yield of 1.01%.
About Invesco QQQ Trust
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.
See Also
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ – Get Rating).
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ABMN Staff
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