Bailard Inc. Sells 1,974 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Bailard Inc. decreased its position in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 302,681 shares of the exchange traded fund’s stock after selling 1,974 shares during the quarter. Invesco QQQ Trust makes up approximately 3.8% of Bailard Inc.’s holdings, making the stock its 3rd largest holding. Bailard Inc. owned about 0.06% of Invesco QQQ Trust worth $120,422,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Morgan Stanley raised its position in shares of Invesco QQQ Trust by 11.9% during the 3rd quarter. Morgan Stanley now owns 15,894,444 shares of the exchange traded fund’s stock valued at $5,689,576,000 after acquiring an additional 1,684,394 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Invesco QQQ Trust by 1.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,859,812 shares of the exchange traded fund’s stock valued at $1,933,476,000 after acquiring an additional 79,955 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Invesco QQQ Trust by 19.3% during the 4th quarter. TD Asset Management Inc. now owns 4,402,427 shares of the exchange traded fund’s stock valued at $1,751,506,000 after acquiring an additional 712,630 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco QQQ Trust by 1.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,662,761 shares of the exchange traded fund’s stock valued at $1,059,379,000 after acquiring an additional 30,989 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its position in shares of Invesco QQQ Trust by 7.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,649,833 shares of the exchange traded fund’s stock valued at $854,352,000 after acquiring an additional 173,951 shares during the last quarter. 42.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Invesco QQQ Trust stock traded up $10.79 on Friday, hitting $301.94. 83,579,597 shares of the company’s stock traded hands, compared to its average volume of 95,223,272. The firm’s 50-day moving average price is $336.13 and its two-hundred day moving average price is $362.59. Invesco QQQ Trust has a one year low of $284.94 and a one year high of $408.71.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Tuesday, March 22nd were given a $0.434 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, March 21st.

Invesco QQQ Trust Profile (Get Rating)

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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