NewSquare Capital LLC Cuts Stake in Invesco QQQ Trust (NASDAQ:QQQ)

NewSquare Capital LLC cut its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 44.4% during the 4th quarter, HoldingsChannel reports. The firm owned 115 shares of the exchange traded fund’s stock after selling 92 shares during the quarter. NewSquare Capital LLC’s holdings in Invesco QQQ Trust were worth $47,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC boosted its stake in Invesco QQQ Trust by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Comerica Bank purchased a new position in Invesco QQQ Trust during the 3rd quarter worth approximately $140,657,000. Granite Bay Wealth Management LLC grew its holdings in shares of Invesco QQQ Trust by 47.1% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after acquiring an additional 378,922 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its holdings in Invesco QQQ Trust by 36.3% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after purchasing an additional 376,661 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in Invesco QQQ Trust by 77.2% during the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after acquiring an additional 367,317 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trust Stock Up 0.2 %

Shares of QQQ traded up $0.93 during trading hours on Wednesday, reaching $426.00. 34,538,623 shares of the company traded hands, compared to its average volume of 45,861,129. The stock’s fifty day moving average is $437.20 and its 200 day moving average is $409.44. Invesco QQQ Trust has a 1-year low of $309.89 and a 1-year high of $449.34.

Invesco QQQ Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.54%.

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.