Invesco QQQ Trust (NASDAQ:QQQ) Shares Sold by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. decreased its position in Invesco QQQ Trust (NASDAQ:QQQ) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,194 shares of the exchange traded fund’s stock after selling 899 shares during the period. Invesco QQQ Trust comprises 1.8% of Conservest Capital Advisors Inc.’s portfolio, making the stock its 20th largest holding. Conservest Capital Advisors Inc.’s holdings in Invesco QQQ Trust were worth $12,174,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ellis Investment Partners LLC boosted its holdings in Invesco QQQ Trust by 17,883.3% during the first quarter. Ellis Investment Partners LLC now owns 6,329,777 shares of the exchange traded fund’s stock worth $6,329,000 after buying an additional 6,294,579 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Invesco QQQ Trust by 267,182.0% in the fourth quarter. Deutsche Bank AG now owns 5,043,612 shares of the exchange traded fund’s stock valued at $778,025,000 after purchasing an additional 5,041,725 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Invesco QQQ Trust in the first quarter valued at about $596,218,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco QQQ Trust by 2.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,919,483 shares of the exchange traded fund’s stock valued at $344,869,000 after purchasing an additional 49,503 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Invesco QQQ Trust by 9.7% in the first quarter. Envestnet Asset Management Inc. now owns 1,442,468 shares of the exchange traded fund’s stock valued at $259,154,000 after purchasing an additional 127,933 shares in the last quarter. 40.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ QQQ opened at $182.55 on Friday. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $195.55. The firm’s 50-day moving average is $189.99 and its two-hundred day moving average is $182.42.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, June 25th were issued a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Monday, June 24th.

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.

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

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