Rossmore Private Capital Trims Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)
Rossmore Private Capital lowered its position in Invesco QQQ Trust (NASDAQ:QQQ) by 15.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,204 shares of the exchange traded fund’s stock after selling 215 shares during the quarter. Rossmore Private Capital’s holdings in Invesco QQQ Trust were worth $223,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in QQQ. Swaine & Leidel Wealth Services LLC boosted its position in Invesco QQQ Trust by 0.3% during the 4th quarter. Swaine & Leidel Wealth Services LLC now owns 16,560 shares of the exchange traded fund’s stock valued at $3,521,000 after acquiring an additional 47 shares in the last quarter. Grimes & Company Inc. boosted its position in shares of Invesco QQQ Trust by 1.4% in the 1st quarter. Grimes & Company Inc. now owns 3,393 shares of the exchange traded fund’s stock worth $646,000 after purchasing an additional 47 shares in the last quarter. Atlantic Trust LLC boosted its position in shares of Invesco QQQ Trust by 3.9% in the 4th quarter. Atlantic Trust LLC now owns 1,294 shares of the exchange traded fund’s stock worth $275,000 after purchasing an additional 49 shares in the last quarter. Sunburst Financial Group LLC raised its stake in Invesco QQQ Trust by 4.0% in the 1st quarter. Sunburst Financial Group LLC now owns 1,279 shares of the exchange traded fund’s stock worth $244,000 after acquiring an additional 49 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Invesco QQQ Trust by 0.3% in the 4th quarter. Sunbelt Securities Inc. now owns 17,784 shares of the exchange traded fund’s stock worth $3,781,000 after acquiring an additional 50 shares during the last quarter. 39.28% of the stock is currently owned by institutional investors.
Separately, ValuEngine upgraded Invesco QQQ Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, March 23rd.
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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