Summit Trail Advisors LLC Sells 3,456 Shares of Invesco QQQ (NASDAQ:QQQ)

Summit Trail Advisors LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 24.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 10,468 shares of the exchange traded fund’s stock after selling 3,456 shares during the period. Summit Trail Advisors LLC’s holdings in Invesco QQQ were worth $4,289,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. 180 Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after purchasing an additional 29 shares in the last quarter. Bank Hapoalim BM increased its holdings in shares of Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after acquiring an additional 4,549 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after buying an additional 243,305 shares in the last quarter. VitalStone Financial LLC lifted its holdings in shares of Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after buying an additional 16,079 shares in the last quarter. Finally, Scarborough Advisors LLC boosted its stake in shares of Invesco QQQ by 73.3% in the 3rd quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after purchasing an additional 581 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.2 %

QQQ traded up $0.84 during midday trading on Tuesday, reaching $441.09. 8,878,318 shares of the company’s stock traded hands, compared to its average volume of 45,301,656. Invesco QQQ has a 52 week low of $321.32 and a 52 week high of $449.34. The firm has a fifty day moving average of $436.61 and a two-hundred day moving average of $413.39.

Invesco QQQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were given a dividend of $0.5735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.52%.

About Invesco QQQ

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.