Invesco QQQ Trust (NASDAQ:QQQ) Shares Sold by Montecito Bank & Trust

Montecito Bank & Trust lessened its position in Invesco QQQ Trust (NASDAQ:QQQ) by 21.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,515 shares of the exchange traded fund’s stock after selling 3,490 shares during the period. Montecito Bank & Trust’s holdings in Invesco QQQ Trust were worth $2,363,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Macroview Investment Management LLC lifted its stake in shares of Invesco QQQ Trust by 112.7% in the second quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 1,200 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Invesco QQQ Trust in the second quarter valued at about $29,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Invesco QQQ Trust in the second quarter valued at about $44,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Invesco QQQ Trust in the second quarter valued at about $68,000. Finally, Lenox Wealth Management Inc. lifted its stake in shares of Invesco QQQ Trust by 33.8% in the second quarter. Lenox Wealth Management Inc. now owns 475 shares of the exchange traded fund’s stock valued at $88,000 after purchasing an additional 120 shares during the period. Institutional investors own 45.92% of the company’s stock.

Shares of NASDAQ QQQ opened at $191.69 on Friday. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $195.55. The firm has a 50-day moving average price of $189.75 and a 200 day moving average price of $187.00.

The business also recently disclosed a — dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, September 24th will be paid a $0.3842 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Monday, September 23rd.

About Invesco QQQ Trust

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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