Invesco QQQ Trust (NASDAQ:QQQ) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. cut its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 81.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 809,956 shares of the exchange traded fund’s stock after selling 3,592,471 shares during the period. TD Asset Management Inc.’s holdings in Invesco QQQ Trust were worth $293,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. CarsonAllaria Wealth Management Ltd. acquired a new position in Invesco QQQ Trust during the fourth quarter valued at $29,000. Dravo Bay LLC purchased a new position in Invesco QQQ Trust in the first quarter valued at $32,000. William Allan LLC purchased a new position in Invesco QQQ Trust in the fourth quarter valued at $36,000. Arcadia Investment Management Corp MI purchased a new position in Invesco QQQ Trust in the first quarter valued at $36,000. Finally, Aquire Wealth Advisors LLC purchased a new position in Invesco QQQ Trust in the fourth quarter valued at $37,000. 42.74% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trust Stock Down 1.3 %

QQQ traded down $4.16 on Wednesday, reaching $328.12. The stock had a trading volume of 1,768,386 shares, compared to its average volume of 50,487,128. Invesco QQQ Trust has a 12-month low of $269.28 and a 12-month high of $408.71. The business’s 50-day moving average price is $298.22 and its two-hundred day moving average price is $321.05.

Invesco QQQ Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Wednesday, June 22nd were paid a dividend of $0.527 per share. The ex-dividend date of this dividend was Tuesday, June 21st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 0.64%. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.43.

Invesco QQQ Trust Company Profile

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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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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