Penobscot Investment Management Company Inc. Has $5.53 Million Position in Invesco QQQ Trust (NASDAQ:QQQ)

Penobscot Investment Management Company Inc. lifted its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 0.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 29,599 shares of the exchange traded fund’s stock after purchasing an additional 199 shares during the quarter. Invesco QQQ Trust accounts for about 1.1% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 29th biggest holding. Penobscot Investment Management Company Inc.’s holdings in Invesco QQQ Trust were worth $5,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the company. Ellis Investment Partners LLC boosted its position in shares of Invesco QQQ Trust by 17,883.3% in the 1st quarter. Ellis Investment Partners LLC now owns 6,329,777 shares of the exchange traded fund’s stock worth $6,329,000 after buying an additional 6,294,579 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in Invesco QQQ Trust by 19,082.5% during the second quarter. Thoroughbred Financial Services LLC now owns 5,919,517 shares of the exchange traded fund’s stock worth $591,952,000 after acquiring an additional 5,888,658 shares during the period. Duality Advisers LP acquired a new position in shares of Invesco QQQ Trust in the 1st quarter valued at $211,794,000. Forward Management LLC acquired a new position in shares of Invesco QQQ Trust in the 1st quarter valued at $91,445,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Invesco QQQ Trust by 514.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 582,319 shares of the exchange traded fund’s stock valued at $104,620,000 after purchasing an additional 487,560 shares during the period. 40.07% of the stock is owned by institutional investors.

Shares of Invesco QQQ Trust stock traded up $2.96 during trading on Friday, hitting $185.51. 19,567,621 shares of the stock traded hands, compared to its average volume of 34,277,940. Invesco QQQ Trust has a twelve month low of $143.46 and a twelve month high of $195.55. The company has a fifty day moving average price of $189.99 and a two-hundred day moving average price of $182.42.



The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, June 25th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, June 24th.

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.

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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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