Invesco QQQ Trust (NASDAQ:QQQ) Shares Sold by Global Retirement Partners LLC


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Global Retirement Partners LLC trimmed its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,174 shares of the exchange traded fund’s stock after selling 1,669 shares during the quarter. Invesco QQQ Trust makes up approximately 2.2% of Global Retirement Partners LLC’s investment portfolio, making the stock its 4th largest position. Global Retirement Partners LLC’s holdings in Invesco QQQ Trust were worth $17,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley grew its holdings in shares of Invesco QQQ Trust by 32.4% during the 3rd quarter. Morgan Stanley now owns 16,506,838 shares of the exchange traded fund’s stock worth $4,586,261,000 after purchasing an additional 4,035,330 shares during the period. Envestnet Asset Management Inc. lifted its stake in Invesco QQQ Trust by 76.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,219,150 shares of the exchange traded fund’s stock worth $1,450,089,000 after acquiring an additional 2,255,392 shares in the last quarter. TD Asset Management Inc. raised its position in Invesco QQQ Trust by 1.4% in the 3rd quarter. TD Asset Management Inc. now owns 3,515,553 shares of the exchange traded fund’s stock valued at $976,761,000 after purchasing an additional 49,555 shares in the last quarter. Varma Mutual Pension Insurance Co increased its holdings in shares of Invesco QQQ Trust by 226.0% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 2,730,972 shares of the exchange traded fund’s stock valued at $758,773,000 after acquiring an additional 1,893,293 shares during the last quarter. Finally, FMR LLC grew its stake in Invesco QQQ Trust by 1,363.3% during the 2nd quarter. FMR LLC now owns 2,557,669 shares of the exchange traded fund’s stock worth $633,278,000 after buying an additional 2,382,876 shares during the last quarter. Hedge funds and other institutional investors own 42.99% of the company’s stock.

NASDAQ:QQQ traded up $2.21 during mid-day trading on Wednesday, reaching $316.13. 1,683,575 shares of the stock were exchanged, compared to its average volume of 36,253,504. The company has a 50 day simple moving average of $311.42 and a 200-day simple moving average of $295.14. Invesco QQQ Trust has a 1 year low of $164.93 and a 1 year high of $319.39.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 31st. Shareholders of record on Tuesday, December 22nd were paid a $0.561 dividend. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.39. This represents a $2.24 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Monday, December 21st.

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

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