Mainstay Capital Management LLC ADV cut its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 8.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,659 shares of the exchange traded fund’s stock after selling 625 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Invesco QQQ Trust were worth $1,197,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. Sontag Advisory LLC acquired a new stake in Invesco QQQ Trust in the fourth quarter valued at approximately $46,000. CX Institutional boosted its stake in Invesco QQQ Trust by 1,811.1% in the fourth quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 326 shares in the last quarter. Capital Financial Planning LLC acquired a new stake in Invesco QQQ Trust in the fourth quarter valued at approximately $55,000. LS Investment Advisors LLC boosted its stake in Invesco QQQ Trust by 25.0% in the fourth quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 75 shares in the last quarter. Finally, St. Johns Investment Management Company LLC acquired a new stake in Invesco QQQ Trust in the first quarter valued at approximately $61,000. Hedge funds and other institutional investors own 47.22% of the company’s stock.
NASDAQ QQQ opened at $190.31 on Wednesday. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $190.54.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.3242 dividend. The ex-dividend date is Monday, March 18th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.68%.
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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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