Private Trust Co. NA Has $9.34 Million Position in Invesco QQQ (NASDAQ:QQQ)

Private Trust Co. NA reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 19,128 shares of the exchange traded fund’s stock after selling 64 shares during the period. Invesco QQQ makes up 0.9% of Private Trust Co. NA’s portfolio, making the stock its 10th largest holding. Private Trust Co. NA’s holdings in Invesco QQQ were worth $9,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Truvestments Capital LLC lifted its holdings in shares of Invesco QQQ by 506.7% during the third quarter. Truvestments Capital LLC now owns 35,646 shares of the exchange traded fund’s stock valued at $17,398,000 after purchasing an additional 29,771 shares during the last quarter. Alliance Wealth Management Group boosted its holdings in shares of Invesco QQQ by 30.2% in the third quarter. Alliance Wealth Management Group now owns 2,562 shares of the exchange traded fund’s stock worth $1,250,000 after buying an additional 595 shares during the period. Harvest Fund Management Co. Ltd increased its position in shares of Invesco QQQ by 95.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,145 shares of the exchange traded fund’s stock worth $559,000 after acquiring an additional 558 shares in the last quarter. Davis R M Inc. lifted its position in shares of Invesco QQQ by 3.2% in the 3rd quarter. Davis R M Inc. now owns 3,789 shares of the exchange traded fund’s stock valued at $1,849,000 after acquiring an additional 118 shares in the last quarter. Finally, Garner Asset Management Corp boosted its stake in Invesco QQQ by 18.3% in the 3rd quarter. Garner Asset Management Corp now owns 23,645 shares of the exchange traded fund’s stock worth $11,541,000 after purchasing an additional 3,656 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.8 %

Shares of Invesco QQQ stock opened at $509.69 on Monday. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58. The business has a fifty day simple moving average of $493.08 and a 200-day simple moving average of $477.19.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%.

Invesco QQQ 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.