Cambridge Advisors Inc. lowered its position in Invesco QQQ Trust (NASDAQ:QQQ) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,014 shares of the exchange traded fund’s stock after selling 57 shares during the period. Cambridge Advisors Inc.’s holdings in Invesco QQQ Trust were worth $721,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Sontag Advisory LLC bought a new stake in shares of Invesco QQQ Trust in the 4th quarter valued at $46,000. CX Institutional increased its position in shares of Invesco QQQ Trust by 1,811.1% in the 4th quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 326 shares in the last quarter. Capital Financial Planning LLC bought a new position in Invesco QQQ Trust during the 4th quarter worth about $55,000. LS Investment Advisors LLC increased its holdings in Invesco QQQ Trust by 25.0% during the 4th quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 75 shares in the last quarter. Finally, Delta Asset Management LLC TN increased its holdings in Invesco QQQ Trust by 149.1% during the 4th quarter. Delta Asset Management LLC TN now owns 436 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 261 shares in the last quarter. Institutional investors and hedge funds own 47.22% of the company’s stock.
QQQ stock opened at $186.50 on Wednesday. Invesco QQQ Trust has a 1 year low of $143.46 and a 1 year high of $187.53.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.3242 per share. This represents a $1.30 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Monday, March 18th.
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About Invesco QQQ Trust
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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