Spectrum Management Group Inc. Has $196,000 Holdings in Invesco QQQ Trust (QQQ)

Spectrum Management Group Inc. decreased its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 25.2% during the second quarter, HoldingsChannel.com reports. The fund owned 1,140 shares of the exchange traded fund’s stock after selling 385 shares during the quarter. Spectrum Management Group Inc.’s holdings in Invesco QQQ Trust were worth $196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Northeast Financial Consultants Inc grew its position in Invesco QQQ Trust by 0.9% in the second quarter. Northeast Financial Consultants Inc now owns 31,959 shares of the exchange traded fund’s stock worth $5,485,000 after acquiring an additional 295 shares in the last quarter. FCG Advisors LLC grew its position in Invesco QQQ Trust by 8.9% in the second quarter. FCG Advisors LLC now owns 3,693 shares of the exchange traded fund’s stock worth $634,000 after acquiring an additional 303 shares in the last quarter. Truewealth LLC grew its position in Invesco QQQ Trust by 11.9% in the second quarter. Truewealth LLC now owns 3,184 shares of the exchange traded fund’s stock worth $547,000 after acquiring an additional 339 shares in the last quarter. Sunbelt Securities Inc. grew its position in Invesco QQQ Trust by 4.0% in the first quarter. Sunbelt Securities Inc. now owns 9,321 shares of the exchange traded fund’s stock worth $1,493,000 after acquiring an additional 356 shares in the last quarter. Finally, SNS Financial Group LLC grew its position in Invesco QQQ Trust by 6.9% in the first quarter. SNS Financial Group LLC now owns 5,536 shares of the exchange traded fund’s stock worth $886,000 after acquiring an additional 357 shares in the last quarter. 41.79% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trust traded down $2.44, hitting $175.18, during trading on Monday, according to Marketbeat.com. 7,207,463 shares of the company’s stock traded hands, compared to its average volume of 30,077,712. Invesco QQQ Trust has a 12-month low of $140.18 and a 12-month high of $182.93.



The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, June 19th will be given a dividend of $0.3764 per share. This represents a $1.51 annualized dividend and a yield of 0.86%. This is a positive change from Invesco QQQ Trust’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, June 18th.

Invesco QQQ Trust Company 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.

Read More: Average Daily Trade Volume – ADTV

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).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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