Triumph Capital Management Has $2.31 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Triumph Capital Management cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,638 shares of the exchange traded fund’s stock after selling 93 shares during the quarter. Invesco QQQ comprises 1.0% of Triumph Capital Management’s investment portfolio, making the stock its 21st largest holding. Triumph Capital Management’s holdings in Invesco QQQ were worth $2,310,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. 180 Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 1.2% in the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after buying an additional 29 shares in the last quarter. Bank Hapoalim BM raised its holdings in shares of Invesco QQQ by 6.3% in the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after buying an additional 4,549 shares in the last quarter. Goodwin Daniel L lifted its position in shares of Invesco QQQ by 76.1% during the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after buying an additional 2,495 shares during the period. Ameriprise Financial Inc. boosted its stake in Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after buying an additional 243,305 shares in the last quarter. Finally, VitalStone Financial LLC grew its position in Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after acquiring an additional 16,079 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $2.66 during mid-day trading on Wednesday, hitting $421.93. 19,724,601 shares of the company were exchanged, compared to its average volume of 45,584,871. The business has a fifty day moving average of $436.86 and a 200 day moving average of $411.54. Invesco QQQ has a 1-year low of $315.11 and a 1-year high of $449.34.

Invesco QQQ Dividend Announcement

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 $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, March 18th.

Invesco QQQ 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.