Trust Co. of Vermont Decreases Position in Invesco QQQ $QQQ

Trust Co. of Vermont cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,122 shares of the exchange traded fund’s stock after selling 614 shares during the period. Trust Co. of Vermont’s holdings in Invesco QQQ were worth $6,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC boosted its holdings in Invesco QQQ by 704,593.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after buying an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new position in Invesco QQQ in the 1st quarter worth approximately $2,775,904,000. Spear Holdings RSC Ltd bought a new position in Invesco QQQ in the 1st quarter worth approximately $474,600,000. Finally, Altimeter Capital Management LP bought a new position in Invesco QQQ in the 1st quarter worth approximately $463,293,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.5%

NASDAQ QQQ opened at $603.25 on Thursday. The company’s 50 day simple moving average is $578.30 and its two-hundred day simple moving average is $530.08. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $603.79.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

About Invesco QQQ

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.