Invesco QQQ Trust (QQQ) Position Cut by Cambridge Advisors Inc.

Cambridge Advisors Inc. reduced its position in Invesco QQQ Trust (NASDAQ:QQQ) by 1.4% in the 1st quarter, Holdings Channel reports. The firm 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 filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. First Manhattan Co. lifted its position in Invesco QQQ Trust by 8.3% during the fourth quarter. First Manhattan Co. now owns 6,929 shares of the exchange traded fund’s stock worth $1,069,000 after acquiring an additional 530 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in Invesco QQQ Trust by 10.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 10,931 shares of the exchange traded fund’s stock worth $1,763,000 after acquiring an additional 1,010 shares during the last quarter. Whitnell & Co. lifted its position in Invesco QQQ Trust by 306.1% during the fourth quarter. Whitnell & Co. now owns 796 shares of the exchange traded fund’s stock worth $123,000 after acquiring an additional 600 shares during the last quarter. Heritage Wealth Advisors acquired a new stake in Invesco QQQ Trust during the fourth quarter worth approximately $159,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Invesco QQQ Trust during the fourth quarter worth approximately $20,208,000. Institutional investors and hedge funds own 47.22% of the company’s stock.

Shares of QQQ stock opened at $186.50 on Wednesday. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $187.53.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.3242 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $1.30 annualized dividend and a yield of 0.70%.

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Invesco QQQ Trust 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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