Country Trust Bank Has $378,000 Holdings in Invesco QQQ Trust (QQQ)

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Country Trust Bank lowered its position in Invesco QQQ Trust (NASDAQ:QQQ) by 13.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,105 shares of the exchange traded fund’s stock after selling 316 shares during the period. Country Trust Bank’s holdings in Invesco QQQ Trust were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. Morgan Stanley increased its holdings in Invesco QQQ Trust by 31.9% during the third quarter. Morgan Stanley now owns 18,007,827 shares of the exchange traded fund’s stock valued at $3,345,675,000 after buying an additional 4,353,877 shares during the period. Deutsche Bank AG grew its holdings in shares of Invesco QQQ Trust by 267,182.0% during 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 buying an additional 5,041,725 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Invesco QQQ Trust during the first quarter valued at $596,218,000. Banque Pictet & Cie SA grew its holdings in shares of Invesco QQQ Trust by 569.1% during the fourth quarter. Banque Pictet & Cie SA now owns 3,159,757 shares of the exchange traded fund’s stock valued at $487,424,000 after buying an additional 2,687,482 shares during the last quarter. Finally, Pictet North America Advisors SA grew its holdings in shares of Invesco QQQ Trust by 14,018.3% during the fourth quarter. Pictet North America Advisors SA now owns 3,041,795 shares of the exchange traded fund’s stock valued at $469,227,000 after buying an additional 3,020,250 shares during the last quarter. 47.22% of the stock is owned by institutional investors and hedge funds.

Shares of QQQ traded up $0.69 during trading hours on Wednesday, reaching $187.19. 1,036,823 shares of the company traded hands, compared to its average volume of 33,076,106. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $187.53.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.3242 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, March 18th.

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Invesco QQQ Trust 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.

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

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