Invesco QQQ Trust (NASDAQ:QQQ) is Asset Management Resources LLC’s 7th Largest Position

Asset Management Resources LLC grew its position in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 18.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,014 shares of the exchange traded fund’s stock after buying an additional 3,626 shares during the quarter. Invesco QQQ Trust accounts for 5.5% of Asset Management Resources LLC’s investment portfolio, making the stock its 7th largest holding. Asset Management Resources LLC’s holdings in Invesco QQQ Trust were worth $6,450,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cooper Financial Group increased its holdings in shares of Invesco QQQ Trust by 22.2% in the 1st quarter. Cooper Financial Group now owns 5,551 shares of the exchange traded fund’s stock valued at $2,013,000 after purchasing an additional 1,009 shares in the last quarter. Offit Capital Advisors LLC acquired a new stake in Invesco QQQ Trust in the 1st quarter valued at about $245,000. Ascent Group LLC acquired a new stake in Invesco QQQ Trust in the 4th quarter valued at about $542,000. Mizuho Bank Ltd. acquired a new stake in Invesco QQQ Trust in the 1st quarter valued at about $97,886,000. Finally, Whittier Trust Co. grew its stake in Invesco QQQ Trust by 15.2% in the 1st quarter. Whittier Trust Co. now owns 41,916 shares of the exchange traded fund’s stock valued at $15,195,000 after acquiring an additional 5,533 shares during the last quarter. Hedge funds and other institutional investors own 41.46% of the company’s stock.

Invesco QQQ Trust Price Performance

Shares of Invesco QQQ Trust stock traded down $5.93 during mid-day trading on Friday, hitting $274.14. 2,872,201 shares of the stock were exchanged, compared to its average volume of 55,490,280. Invesco QQQ Trust has a twelve month low of $269.28 and a twelve month high of $408.71. The company has a 50-day simple moving average of $307.43 and a 200 day simple moving average of $312.52.

Invesco QQQ Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, September 20th will be given a $0.519 dividend. The ex-dividend date is Monday, September 19th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%.

Invesco QQQ Trust Profile

(Get Rating)

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.

Featured Articles

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

Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.