BBVA USA Bancshares Inc. trimmed its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 43.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,320 shares of the exchange traded fund’s stock after selling 7,282 shares during the quarter. BBVA USA Bancshares Inc.’s holdings in Invesco QQQ Trust were worth $2,589,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Walled Lake Planning & Wealth Management LLC lifted its position in shares of Invesco QQQ Trust by 414.3% during the second quarter. Walled Lake Planning & Wealth Management LLC now owns 108 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 87 shares during the last quarter. First National Bank of South Miami lifted its holdings in shares of Invesco QQQ Trust by 300.0% during the second quarter. First National Bank of South Miami now owns 120 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 90 shares during the period. Lipe & Dalton acquired a new stake in shares of Invesco QQQ Trust during the second quarter worth about $50,000. Heritage Wealth Advisors lifted its holdings in shares of Invesco QQQ Trust by 64.1% during the second quarter. Heritage Wealth Advisors now owns 343 shares of the exchange traded fund’s stock worth $74,000 after purchasing an additional 134 shares during the period. Finally, Lenox Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ Trust by 96.2% during the second quarter. Lenox Wealth Advisors LLC now owns 306 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 42.99% of the company’s stock.
Separately, ValuEngine downgraded Invesco QQQ Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd.
Shares of NASDAQ:QQQ opened at $276.39 on Friday. Invesco QQQ Trust has a 12-month low of $164.93 and a 12-month high of $303.50. The business has a 50 day moving average of $278.36 and a two-hundred day moving average of $255.29.
The firm also recently disclosed 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. This represents a $1.55 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, September 21st.
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.
Featured Article: Momentum Indicators
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).
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.