Sound Income Strategies LLC decreased its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 48.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,811 shares of the exchange traded fund’s stock after selling 1,693 shares during the period. Sound Income Strategies LLC’s holdings in Invesco QQQ Trust were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Morgan Stanley raised its stake in Invesco QQQ Trust by 31.9% in the third quarter. Morgan Stanley now owns 18,007,827 shares of the exchange traded fund’s stock worth $3,345,675,000 after buying an additional 4,353,877 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Invesco QQQ Trust by 2,211.8% during the third quarter. Toronto Dominion Bank now owns 4,693,000 shares of the exchange traded fund’s stock worth $871,915,000 after purchasing an additional 4,490,000 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its position in shares of Invesco QQQ Trust by 51.4% during the third quarter. CHURCHILL MANAGEMENT Corp now owns 1,863,514 shares of the exchange traded fund’s stock worth $346,222,000 after purchasing an additional 633,057 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco QQQ Trust by 9.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,614,932 shares of the exchange traded fund’s stock worth $300,053,000 after purchasing an additional 137,494 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Invesco QQQ Trust by 2.1% during the third quarter. Commonwealth Equity Services LLC now owns 1,373,787 shares of the exchange traded fund’s stock worth $255,235,000 after purchasing an additional 27,800 shares in the last quarter. 41.33% of the stock is owned by institutional investors.

Separately, Bank of America downgraded Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research report on Monday, November 5th.

Shares of QQQ stock traded down $0.94 during trading hours on Friday, reaching $160.35. 17,070,216 shares of the company’s stock were exchanged, compared to its average volume of 64,558,124. Invesco QQQ Trust has a fifty-two week low of $143.46 and a fifty-two week high of $187.53.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Wednesday, December 26th were issued a dividend of $0.4206 per share. The ex-dividend date was Monday, December 24th. This is a positive change from Invesco QQQ Trust’s previous quarterly dividend of $0.33. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.05%.

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

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