Brown Brothers Harriman & Co. Decreases Stock Position in Invesco QQQ Trust (NASDAQ:QQQ)

Brown Brothers Harriman & Co. reduced its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 17.3% in the second quarter, Holdings Channel.com reports. The fund owned 2,273 shares of the exchange traded fund’s stock after selling 475 shares during the period. Brown Brothers Harriman & Co.’s holdings in Invesco QQQ Trust were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Inscription Capital LLC bought a new position in shares of Invesco QQQ Trust in the second quarter worth $4,411,000. 3D L Capital Management LLC boosted its stake in Invesco QQQ Trust by 2.0% during the second quarter. 3D L Capital Management LLC now owns 2,188 shares of the exchange traded fund’s stock valued at $776,000 after buying an additional 42 shares during the period. Wambolt & Associates LLC lifted its stake in Invesco QQQ Trust by 6.1% during the second quarter. Wambolt & Associates LLC now owns 1,342 shares of the exchange traded fund’s stock worth $476,000 after purchasing an additional 77 shares during the last quarter. Nachman Norwood & Parrott Inc lifted its stake in Invesco QQQ Trust by 9.7% during the second quarter. Nachman Norwood & Parrott Inc now owns 4,160 shares of the exchange traded fund’s stock worth $1,476,000 after purchasing an additional 369 shares during the last quarter. Finally, 180 Wealth Advisors LLC lifted its stake in Invesco QQQ Trust by 5.9% during the second quarter. 180 Wealth Advisors LLC now owns 2,112 shares of the exchange traded fund’s stock worth $775,000 after purchasing an additional 117 shares during the last quarter. 44.18% of the stock is owned by hedge funds and other institutional investors.

QQQ opened at $360.00 on Thursday. The business’s 50-day moving average price is $369.70 and its 200-day moving average price is $351.97. Invesco QQQ Trust has a 12 month low of $266.97 and a 12 month high of $382.78.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Tuesday, September 21st will be issued a dividend of $0.414 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, September 20th. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.40.

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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