Mogy Joel R Investment Counsel Inc. Trims Position in Invesco QQQ Trust (NASDAQ:QQQ)

Mogy Joel R Investment Counsel Inc. lessened its stake in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 90.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 170 shares of the exchange traded fund’s stock after selling 1,535 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in Invesco QQQ Trust were worth $68,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Morgan Stanley raised its holdings in Invesco QQQ Trust by 11.9% in 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 buying an additional 1,684,394 shares during the period. Envestnet Asset Management Inc. raised its holdings in Invesco QQQ Trust by 1.7% in 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 buying an additional 79,955 shares during the period. TD Asset Management Inc. raised its holdings in Invesco QQQ Trust by 19.3% in 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 buying an additional 712,630 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco QQQ Trust by 1.2% in 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 buying an additional 30,989 shares during the period. Finally, Advisor Group Holdings Inc. raised its holdings in Invesco QQQ Trust by 7.0% in 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 buying an additional 173,951 shares during the period. Institutional investors and hedge funds own 42.74% of the company’s stock.

NASDAQ:QQQ traded up $10.79 on Friday, reaching $301.94. 83,579,597 shares of the company’s stock were exchanged, compared to its average volume of 95,223,272. The business has a fifty day moving average of $336.13 and a 200-day moving average of $362.59. Invesco QQQ Trust has a 52-week low of $284.94 and a 52-week high of $408.71.

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

About Invesco QQQ Trust (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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