Invesco QQQ Trust (QQQ) is Verity Asset Management Inc.’s 9th Largest Position

Verity Asset Management Inc. reduced its position in Invesco QQQ Trust (NASDAQ:QQQ) by 40.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,514 shares of the exchange traded fund’s stock after selling 7,270 shares during the quarter. Invesco QQQ Trust accounts for about 1.9% of Verity Asset Management Inc.’s holdings, making the stock its 9th largest holding. Verity Asset Management Inc.’s holdings in Invesco QQQ Trust were worth $1,953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Divergent Wealth Advisors LLC boosted its holdings in Invesco QQQ Trust by 12.3% during the 3rd quarter. Divergent Wealth Advisors LLC now owns 2,555 shares of the exchange traded fund’s stock valued at $460,000 after acquiring an additional 279 shares during the period. Financial Partners Group Inc boosted its holdings in Invesco QQQ Trust by 1.1% during the 2nd quarter. Financial Partners Group Inc now owns 25,127 shares of the exchange traded fund’s stock valued at $4,313,000 after acquiring an additional 283 shares during the period. Advanced Asset Management Advisors Inc boosted its holdings in Invesco QQQ Trust by 0.3% during the 2nd quarter. Advanced Asset Management Advisors Inc now owns 112,670 shares of the exchange traded fund’s stock valued at $19,340,000 after acquiring an additional 285 shares during the period. Summit X LLC boosted its holdings in Invesco QQQ Trust by 17.2% during the 2nd quarter. Summit X LLC now owns 1,964 shares of the exchange traded fund’s stock valued at $338,000 after acquiring an additional 288 shares during the period. Finally, Northeast Financial Consultants Inc boosted its holdings in Invesco QQQ Trust by 0.9% during the 2nd quarter. Northeast Financial Consultants Inc now owns 31,959 shares of the exchange traded fund’s stock valued at $5,485,000 after acquiring an additional 295 shares during the period. Hedge funds and other institutional investors own 41.18% of the company’s stock.

NASDAQ QQQ opened at $161.05 on Monday. Invesco QQQ Trust has a fifty-two week low of $150.13 and a fifty-two week high of $187.53.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Tuesday, September 25th were issued a $0.3298 dividend. This represents a $1.32 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Monday, September 24th.

Separately, Bank of America cut Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a report on Monday, November 5th.

COPYRIGHT VIOLATION NOTICE: This article was reported by WKRB News and is owned by of WKRB News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.wkrb13.com/2018/11/26/invesco-qqq-trust-qqq-is-verity-asset-management-inc-s-9th-largest-position.html.

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.

Recommended Story: Consumer behavior in bull markets

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

Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply