Blue Fin Capital Inc. lowered its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 4.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,371 shares of the exchange traded fund’s stock after selling 200 shares during the quarter. Blue Fin Capital Inc.’s holdings in Invesco QQQ Trust were worth $785,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Deutsche Bank AG raised its holdings in shares of Invesco QQQ Trust by 267,182.0% in the 4th quarter. Deutsche Bank AG now owns 5,043,612 shares of the exchange traded fund’s stock worth $778,025,000 after acquiring an additional 5,041,725 shares during the last quarter. Morgan Stanley grew its position in shares of Invesco QQQ Trust by 31.9% during the 3rd quarter. Morgan Stanley now owns 18,007,827 shares of the exchange traded fund’s stock valued at $3,345,675,000 after acquiring an additional 4,353,877 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in shares of Invesco QQQ Trust during the 1st quarter valued at approximately $596,218,000. Pictet North America Advisors SA grew its position in shares of Invesco QQQ Trust by 14,018.3% during the 4th quarter. Pictet North America Advisors SA now owns 3,041,795 shares of the exchange traded fund’s stock valued at $469,227,000 after acquiring an additional 3,020,250 shares during the period. Finally, Banque Pictet & Cie SA grew its position in shares of Invesco QQQ Trust by 569.1% during the 4th quarter. Banque Pictet & Cie SA now owns 3,159,757 shares of the exchange traded fund’s stock valued at $487,424,000 after acquiring an additional 2,687,482 shares during the period. Hedge funds and other institutional investors own 47.22% of the company’s stock.
Shares of Invesco QQQ Trust stock traded up $1.21 on Tuesday, reaching $189.13. 1,234,695 shares of the company traded hands, compared to its average volume of 34,626,086. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $187.99.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.3242 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Monday, March 18th.
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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