Highland Private Wealth Management Trims Holdings in Invesco QQQ Trust (QQQ)

Highland Private Wealth Management decreased its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,400 shares of the exchange traded fund’s stock after selling 537 shares during the quarter. Highland Private Wealth Management’s holdings in Invesco QQQ Trust were worth $791,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sontag Advisory LLC acquired a new position in shares of Invesco QQQ Trust in the 4th quarter valued at $46,000. CX Institutional raised its stake in shares of Invesco QQQ Trust by 1,811.1% in the 4th quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 326 shares in the last quarter. Capital Financial Planning LLC acquired a new position in shares of Invesco QQQ Trust in the 4th quarter valued at $55,000. LS Investment Advisors LLC increased its position in shares of Invesco QQQ Trust by 25.0% during the 4th quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 75 shares in the last quarter. Finally, St. Johns Investment Management Company LLC acquired a new stake in shares of Invesco QQQ Trust during the 1st quarter worth about $61,000. Institutional investors own 44.15% of the company’s stock.

Shares of Invesco QQQ Trust stock opened at $183.94 on Thursday. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $191.32.

The company 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 $0.3242 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Monday, March 18th.

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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.

Further Reading: Gap Up Stocks

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

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