Altium Wealth Management LLC acquired a new position in shares of Invesco QQQ Trust (NASDAQ:QQQ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 909 shares of the exchange traded fund’s stock, valued at approximately $253,000.
Other hedge funds also recently modified their holdings of the company. Morgan Stanley increased its stake in shares of Invesco QQQ Trust by 75.3% during the first quarter. Morgan Stanley now owns 15,893,579 shares of the exchange traded fund’s stock worth $3,026,138,000 after purchasing an additional 6,827,922 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco QQQ Trust by 76.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,219,150 shares of the exchange traded fund’s stock valued at $1,450,089,000 after acquiring an additional 2,255,392 shares in the last quarter. TD Asset Management Inc. boosted its holdings in shares of Invesco QQQ Trust by 511.6% during the 2nd quarter. TD Asset Management Inc. now owns 3,465,998 shares of the exchange traded fund’s stock valued at $858,181,000 after acquiring an additional 2,899,298 shares in the last quarter. Nippon Life Insurance Co. boosted its holdings in shares of Invesco QQQ Trust by 214.3% during the 2nd quarter. Nippon Life Insurance Co. now owns 3,239,278 shares of the exchange traded fund’s stock valued at $802,045,000 after acquiring an additional 2,208,514 shares in the last quarter. Finally, FMR LLC raised its position in Invesco QQQ Trust by 1,363.3% during the 2nd quarter. FMR LLC now owns 2,557,669 shares of the exchange traded fund’s stock worth $633,278,000 after purchasing an additional 2,382,876 shares during the last quarter. 42.99% of the stock is owned by institutional investors.
Separately, ValuEngine downgraded shares of Invesco QQQ Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 21st.
About Invesco QQQ Trust
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: What is an investor looking for in an SEC filing?
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.