Founders Capital Management cut its position in Invesco QQQ Trust (NASDAQ:QQQ) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,717 shares of the exchange traded fund’s stock after selling 444 shares during the period. Invesco QQQ Trust makes up 6.1% of Founders Capital Management’s holdings, making the stock its 2nd largest position. Founders Capital Management’s holdings in Invesco QQQ Trust were worth $8,019,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Schmidt P J Investment Management Inc. lifted its holdings in shares of Invesco QQQ Trust by 0.3% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 16,945 shares of the exchange traded fund’s stock valued at $3,603,000 after buying an additional 54 shares during the period. Bay Rivers Group purchased a new stake in shares of Invesco QQQ Trust in the fourth quarter worth about $4,408,000. Berkeley Capital Partners LLC boosted its stake in shares of Invesco QQQ Trust by 7.8% in the fourth quarter. Berkeley Capital Partners LLC now owns 21,445 shares of the exchange traded fund’s stock worth $4,559,000 after buying an additional 1,549 shares during the last quarter. Traynor Capital Management Inc. boosted its stake in shares of Invesco QQQ Trust by 14.3% in the fourth quarter. Traynor Capital Management Inc. now owns 14,517 shares of the exchange traded fund’s stock worth $3,086,000 after buying an additional 1,811 shares during the last quarter. Finally, Ninepoint Partners LP grew its holdings in Invesco QQQ Trust by 150.0% during the fourth quarter. Ninepoint Partners LP now owns 500 shares of the exchange traded fund’s stock worth $106,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 39.49% of the company’s stock.
Shares of QQQ stock opened at $224.59 on Friday. The stock has a 50 day moving average of $214.21 and a 200 day moving average of $198.10. Invesco QQQ Trust has a twelve month low of $160.99 and a twelve month high of $225.88.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were issued a $0.4577 dividend. The ex-dividend date was Monday, December 23rd. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.42. This represents a $1.83 dividend on an annualized basis and a yield of 0.82%.
Invesco QQQ Trust Company Profile
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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