Hengehold Capital Management LLC Has $794,000 Stock Position in Invesco QQQ Trust (NASDAQ:QQQ)

Hengehold Capital Management LLC reduced its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,736 shares of the exchange traded fund’s stock after selling 100 shares during the quarter. Hengehold Capital Management LLC’s holdings in Invesco QQQ Trust were worth $794,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Sigma Investment Counselors Inc. boosted its position in Invesco QQQ Trust by 1.1% during the third quarter. Sigma Investment Counselors Inc. now owns 5,047 shares of the exchange traded fund’s stock valued at $953,000 after acquiring an additional 54 shares during the last quarter. Private Asset Management Inc. boosted its position in shares of Invesco QQQ Trust by 1.4% during the 4th quarter. Private Asset Management Inc. now owns 4,028 shares of the exchange traded fund’s stock valued at $856,000 after purchasing an additional 55 shares in the last quarter. Gradient Investments LLC boosted its position in shares of Invesco QQQ Trust by 8.3% during the 3rd quarter. Gradient Investments LLC now owns 757 shares of the exchange traded fund’s stock valued at $143,000 after purchasing an additional 58 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in Invesco QQQ Trust by 2.5% during the third quarter. Wetherby Asset Management Inc. now owns 2,424 shares of the exchange traded fund’s stock worth $458,000 after purchasing an additional 59 shares during the period. Finally, First Command Financial Services Inc. grew its stake in Invesco QQQ Trust by 2.4% during the third quarter. First Command Financial Services Inc. now owns 2,575 shares of the exchange traded fund’s stock worth $486,000 after purchasing an additional 60 shares during the period. 39.49% of the stock is owned by hedge funds and other institutional investors.

QQQ stock traded down $2.45 during mid-day trading on Friday, reaching $222.14. The company’s stock had a trading volume of 29,414,401 shares, compared to its average volume of 20,444,078. Invesco QQQ Trust has a 12 month low of $160.99 and a 12 month high of $225.15. The business’s 50 day moving average price is $213.81 and its 200 day moving average price is $197.94.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were issued a dividend of $0.4577 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, December 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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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