D. Scott Neal Inc. boosted its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 12.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,337 shares of the exchange traded fund’s stock after acquiring an additional 17,453 shares during the period. Invesco QQQ Trust makes up approximately 25.5% of D. Scott Neal Inc.’s investment portfolio, making the stock its 2nd largest holding. D. Scott Neal Inc.’s holdings in Invesco QQQ Trust were worth $45,382,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of QQQ. Advisor Group Holdings Inc. bought a new position in Invesco QQQ Trust during the first quarter worth about $323,111,000. Morgan Stanley lifted its holdings in Invesco QQQ Trust by 75.3% during the first quarter. Morgan Stanley now owns 15,893,579 shares of the exchange traded fund’s stock worth $3,026,138,000 after acquiring an additional 6,827,922 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Invesco QQQ Trust by 125.7% during the second quarter. SG Americas Securities LLC now owns 1,015,219 shares of the exchange traded fund’s stock worth $251,368,000 after acquiring an additional 4,967,185 shares in the last quarter. TD Asset Management Inc. lifted its holdings in Invesco QQQ Trust by 511.6% during the second quarter. TD Asset Management Inc. now owns 3,465,998 shares of the exchange traded fund’s stock worth $858,181,000 after acquiring an additional 2,899,298 shares in the last quarter. Finally, FMR LLC lifted its holdings in Invesco QQQ Trust by 1,363.3% during the second quarter. FMR LLC now owns 2,557,669 shares of the exchange traded fund’s stock worth $633,278,000 after acquiring an additional 2,382,876 shares in the last quarter. Hedge funds and other institutional investors own 42.99% of the company’s stock.
Separately, ValuEngine lowered Invesco QQQ Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd.
Shares of Invesco QQQ Trust stock traded down $1.59 during trading on Friday, reaching $288.51. The stock had a trading volume of 40,570,702 shares, compared to its average volume of 50,270,559. The stock has a fifty day moving average price of $279.70 and a two-hundred day moving average price of $249.24. Invesco QQQ Trust has a 52 week low of $164.93 and a 52 week high of $303.50.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 22nd will be issued a dividend of $0.388 per share. The ex-dividend date is Monday, September 21st. This represents a $1.55 annualized dividend and a yield of 0.54%.
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.
Recommended Story: Percentage Gainers
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.