Brown Brothers Harriman & Co. Trims Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

Brown Brothers Harriman & Co. lessened its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 17.3% during the second quarter, Holdings Channel reports. The firm owned 2,273 shares of the exchange traded fund’s stock after selling 475 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Invesco QQQ Trust were worth $806,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Investors Research Corp increased its holdings in Invesco QQQ Trust by 126.5% during the 2nd quarter. Investors Research Corp now owns 77 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 43 shares during the period. Annapolis Financial Services LLC grew its holdings in shares of Invesco QQQ Trust by 31.0% during the 2nd quarter. Annapolis Financial Services LLC now owns 131 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 31 shares during the period. Logan Capital Management Inc. purchased a new position in shares of Invesco QQQ Trust during the 1st quarter worth approximately $44,000. Moisand Fitzgerald Tamayo LLC grew its holdings in shares of Invesco QQQ Trust by 563.6% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 146 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 124 shares during the period. Finally, Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Invesco QQQ Trust during the 1st quarter worth approximately $48,000. Institutional investors own 44.18% of the company’s stock.

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

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

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.

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

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