Invesco QQQ Trust (NASDAQ:QQQ) Shares Acquired by Marino Stram & Associates LLC

Marino Stram & Associates LLC raised its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 12.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,602 shares of the exchange traded fund’s stock after acquiring an additional 408 shares during the period. Marino Stram & Associates LLC’s holdings in Invesco QQQ Trust were worth $1,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in Invesco QQQ Trust by 1.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,500,725 shares of the exchange traded fund’s stock worth $2,719,312,000 after acquiring an additional 74,380 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco QQQ Trust by 150.3% during the first quarter. JPMorgan Chase & Co. now owns 5,240,784 shares of the exchange traded fund’s stock worth $1,899,993,000 after buying an additional 3,146,789 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Invesco QQQ Trust by 2.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,987,043 shares of the exchange traded fund’s stock worth $1,808,003,000 after buying an additional 127,231 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco QQQ Trust by 6.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,827,713 shares of the exchange traded fund’s stock worth $1,025,159,000 after buying an additional 164,952 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Invesco QQQ Trust by 8.9% during the first quarter. Fisher Asset Management LLC now owns 2,399,893 shares of the exchange traded fund’s stock worth $870,057,000 after buying an additional 195,182 shares in the last quarter. 41.46% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trust Price Performance

Shares of QQQ stock opened at $280.07 on Friday. The company’s 50-day moving average price is $307.43 and its 200-day moving average price is $312.52. Invesco QQQ Trust has a twelve month low of $269.28 and a twelve month high of $408.71.

Invesco QQQ Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Tuesday, September 20th will be given a dividend of $0.519 per share. The ex-dividend date is Monday, September 19th. This represents a $2.08 annualized dividend and a dividend yield of 0.74%.

Invesco QQQ Trust Company 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.

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

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