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

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Heritage Investors Management Corp reduced its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,041 shares of the exchange traded fund’s stock after selling 667 shares during the period. Heritage Investors Management Corp’s holdings in Invesco QQQ Trust were worth $1,141,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Prospera Financial Services Inc acquired a new stake in shares of Invesco QQQ Trust during the second quarter valued at about $8,993,000. Morgan Stanley increased its position in shares of Invesco QQQ Trust by 59.8% during the second quarter. Morgan Stanley now owns 17,764,053 shares of the exchange traded fund’s stock valued at $3,317,260,000 after acquiring an additional 6,650,061 shares during the last quarter. Thoroughbred Financial Services LLC increased its position in shares of Invesco QQQ Trust by 19,082.5% during the second quarter. Thoroughbred Financial Services LLC now owns 5,919,517 shares of the exchange traded fund’s stock valued at $591,952,000 after acquiring an additional 5,888,658 shares during the last quarter. Varma Mutual Pension Insurance Co increased its position in shares of Invesco QQQ Trust by 796.0% during the third quarter. Varma Mutual Pension Insurance Co now owns 5,838,234 shares of the exchange traded fund’s stock valued at $1,102,316,000 after acquiring an additional 5,186,643 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its position in shares of Invesco QQQ Trust by 7,878.1% during the second quarter. Mizuho Securities USA LLC now owns 1,259,582 shares of the exchange traded fund’s stock valued at $235,355,000 after acquiring an additional 1,243,794 shares during the last quarter. Hedge funds and other institutional investors own 45.92% of the company’s stock.

Shares of QQQ opened at $191.69 on Friday. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $195.55. The firm has a 50-day simple moving average of $189.75 and a two-hundred day simple moving average of $187.00.

The business also recently declared a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, September 24th will be given a dividend of $0.3842 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, September 23rd.

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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

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

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