Invesco QQQ Trust (NASDAQ:QQQ) Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC cut its position in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 5.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 73,374 shares of the exchange traded fund’s stock after selling 3,894 shares during the period. Invesco QQQ Trust accounts for 0.4% of HB Wealth Management LLC’s holdings, making the stock its 23rd biggest position. HB Wealth Management LLC’s holdings in Invesco QQQ Trust were worth $20,565,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in shares of Invesco QQQ Trust by 1.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,500,725 shares of the exchange traded fund’s stock worth $2,719,312,000 after acquiring an additional 74,380 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Invesco QQQ Trust by 150.3% in the first quarter. JPMorgan Chase & Co. now owns 5,240,784 shares of the exchange traded fund’s stock valued at $1,899,993,000 after purchasing an additional 3,146,789 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Invesco QQQ Trust by 2.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,987,043 shares of the exchange traded fund’s stock worth $1,808,003,000 after buying an additional 127,231 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco QQQ Trust by 6.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,827,713 shares of the exchange traded fund’s stock valued at $1,025,159,000 after acquiring an additional 164,952 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Invesco QQQ Trust by 8.9% during the 1st quarter. Fisher Asset Management LLC now owns 2,399,893 shares of the exchange traded fund’s stock worth $870,057,000 after acquiring an additional 195,182 shares during the period. 41.46% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trust Trading Down 2.0 %

Shares of QQQ stock traded down $5.65 on Friday, reaching $274.42. 2,713,829 shares of the stock were exchanged, compared to its average volume of 55,490,280. The firm has a 50 day moving average of $307.43 and a two-hundred day moving average of $312.52. Invesco QQQ Trust has a 1-year low of $269.28 and a 1-year high of $408.71.

Invesco QQQ Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, September 20th will be given a dividend of $0.519 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Monday, September 19th.

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.

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

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