CWH Capital Management Inc. Trims Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

CWH Capital Management Inc. trimmed its position in Invesco QQQ Trust (NASDAQ:QQQ) by 12.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 28,866 shares of the exchange traded fund’s stock after selling 3,974 shares during the period. Invesco QQQ Trust comprises 2.2% of CWH Capital Management Inc.’s investment portfolio, making the stock its 17th largest position. CWH Capital Management Inc.’s holdings in Invesco QQQ Trust were worth $5,450,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Murphy Middleton Hinkle & Parker Inc. lifted its holdings in shares of Invesco QQQ Trust by 1.8% during the second quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,872 shares of the exchange traded fund’s stock valued at $536,000 after purchasing an additional 52 shares in the last quarter. Hartford Financial Management Inc. lifted its holdings in shares of Invesco QQQ Trust by 4.5% during the second quarter. Hartford Financial Management Inc. now owns 1,235 shares of the exchange traded fund’s stock valued at $231,000 after purchasing an additional 53 shares in the last quarter. Sigma Investment Counselors Inc. lifted its holdings in shares of 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 purchasing an additional 54 shares in the last quarter. 9258 Wealth Management LLC lifted its holdings in shares of Invesco QQQ Trust by 1.8% during the second quarter. 9258 Wealth Management LLC now owns 3,300 shares of the exchange traded fund’s stock valued at $616,000 after purchasing an additional 57 shares in the last quarter. Finally, Gradient Investments LLC lifted its holdings in shares of Invesco QQQ Trust by 8.3% during the third 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. 46.87% of the stock is currently owned by institutional investors.

Shares of NASDAQ:QQQ traded up $1.95 during midday trading on Monday, reaching $197.59. 1,421,043 shares of the company’s stock traded hands, compared to its average volume of 27,243,540. Invesco QQQ Trust has a one year low of $143.46 and a one year high of $195.74. The stock has a 50 day moving average of $190.53 and a 200 day moving average of $187.34.

The firm also recently declared a — dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, September 24th will be issued 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.

Further Reading: Cost of Equity For A Business, Investors

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)

Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.