Family Capital Trust Co Sells 648 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Family Capital Trust Co lowered its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 41.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 931 shares of the exchange traded fund’s stock after selling 648 shares during the period. Family Capital Trust Co’s holdings in Invesco QQQ Trust were worth $259,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in QQQ. Country Club Trust Company n.a. grew its holdings in Invesco QQQ Trust by 88.7% in the 2nd quarter. Country Club Trust Company n.a. now owns 4,275 shares of the exchange traded fund’s stock worth $1,038,000 after acquiring an additional 2,010 shares during the last quarter. ProVise Management Group LLC grew its holdings in Invesco QQQ Trust by 3.4% in the 2nd quarter. ProVise Management Group LLC now owns 3,386 shares of the exchange traded fund’s stock worth $838,000 after acquiring an additional 111 shares during the last quarter. First National Corp MA ADV grew its holdings in Invesco QQQ Trust by 23.5% in the 2nd quarter. First National Corp MA ADV now owns 7,864 shares of the exchange traded fund’s stock worth $1,947,000 after acquiring an additional 1,494 shares during the last quarter. Financial Advisory Service Inc. grew its holdings in Invesco QQQ Trust by 13.6% in the 2nd quarter. Financial Advisory Service Inc. now owns 3,314 shares of the exchange traded fund’s stock worth $821,000 after acquiring an additional 398 shares during the last quarter. Finally, EWG Elevate Inc. grew its holdings in Invesco QQQ Trust by 57.7% in the 2nd quarter. EWG Elevate Inc. now owns 17,635 shares of the exchange traded fund’s stock worth $4,366,000 after acquiring an additional 6,453 shares during the last quarter. 42.99% of the stock is currently owned by institutional investors.

NASDAQ:QQQ opened at $288.51 on Friday. The company has a 50-day moving average price of $279.70 and a 200-day moving average price of $249.24. Invesco QQQ Trust has a 12 month low of $164.93 and a 12 month high of $303.50.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 22nd will be given a $0.388 dividend. The ex-dividend date is Monday, September 21st. This represents a $1.55 annualized dividend and a dividend yield of 0.54%.

Separately, ValuEngine lowered shares of Invesco QQQ Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd.

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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