Invesco QQQ Trust (NASDAQ:QQQ) Holdings Lowered by Zuckerman Investment Group LLC

Zuckerman Investment Group LLC lessened its stake in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 13.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,927 shares of the exchange traded fund’s stock after selling 1,181 shares during the quarter. Zuckerman Investment Group LLC’s holdings in Invesco QQQ Trust were worth $2,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ironwood Wealth Management LLC. raised its position in Invesco QQQ Trust by 7.4% during the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock valued at $1,996,000 after buying an additional 381 shares during the period. Axiom Financial Strategies LLC increased its holdings in shares of Invesco QQQ Trust by 11.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 85 shares during the period. Roundview Capital LLC lifted its position in shares of Invesco QQQ Trust by 0.9% in the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after purchasing an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Invesco QQQ Trust by 11.2% during the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after purchasing an additional 278 shares during the period. Finally, Covestor Ltd grew its position in Invesco QQQ Trust by 309.2% during the first quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after purchasing an additional 337 shares in the last quarter. Institutional investors and hedge funds own 43.08% of the company’s stock.

Invesco QQQ Trust Stock Down 2.3 %

Invesco QQQ Trust stock traded down $6.65 during trading hours on Wednesday, hitting $281.72. The company had a trading volume of 11,128,944 shares, compared to its average volume of 44,864,883. Invesco QQQ Trust has a fifty-two week low of $254.26 and a fifty-two week high of $371.83. The firm’s fifty day moving average is $278.24 and its 200-day moving average is $287.48.

Invesco QQQ Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Tuesday, December 20th were paid a $0.655 dividend. The ex-dividend date of this dividend was Monday, December 19th. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.52. This represents a $2.62 dividend on an annualized basis and a dividend yield of 0.93%.

Invesco QQQ Trust Company Profile

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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.

See Also

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:QQQGet Rating).

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

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