Invesco QQQ (NASDAQ:QQQ) Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,675 shares of the exchange traded fund’s stock after selling 140 shares during the period. Heritage Investors Management Corp’s holdings in Invesco QQQ were worth $2,324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Red Tortoise LLC grew its stake in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $41,000. Bear Mountain Capital Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $42,000. Core Wealth Advisors Inc. lifted its holdings in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. increased its position in shares of Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 3,500 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.2 %

NASDAQ:QQQ traded up $0.96 during midday trading on Thursday, reaching $441.02. The company had a trading volume of 24,398,462 shares, compared to its average volume of 45,098,582. The stock’s fifty day simple moving average is $436.76 and its 200-day simple moving average is $414.18. Invesco QQQ has a 12-month low of $321.60 and a 12-month high of $449.34.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%.

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.