Lumina Fund Management LLC Has $9.24 Million Stake in Invesco QQQ Trust (NASDAQ:QQQ)

Lumina Fund Management LLC lessened its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,550 shares of the exchange traded fund’s stock after selling 1,250 shares during the period. Invesco QQQ Trust comprises about 5.6% of Lumina Fund Management LLC’s holdings, making the stock its 2nd largest holding. Lumina Fund Management LLC’s holdings in Invesco QQQ Trust were worth $9,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. Red Tortoise LLC increased its holdings in Invesco QQQ Trust by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial purchased a new position in Invesco QQQ Trust during the 4th quarter valued at about $41,000. Bear Mountain Capital Inc. purchased a new position in Invesco QQQ Trust during the 4th quarter valued at about $42,000. Core Wealth Advisors Inc. increased its holdings in Invesco QQQ Trust by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the period. Finally, Blume Capital Management Inc. increased its holdings in Invesco QQQ Trust by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trust Stock Up 0.3 %

NASDAQ:QQQ traded up $1.44 during mid-day trading on Wednesday, reaching $426.51. 46,222,772 shares of the company’s stock traded hands, compared to its average volume of 46,039,938. Invesco QQQ Trust has a 12-month low of $309.89 and a 12-month high of $449.34. The company has a 50 day moving average price of $437.20 and a 200-day moving average price of $409.44.

Invesco QQQ Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis 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.