GenWealth Group Inc. lowered its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 97.7% in the 4th quarter, HoldingsChannel reports. The firm owned 1,576 shares of the exchange traded fund’s stock after selling 66,316 shares during the quarter. GenWealth Group Inc.’s holdings in Invesco QQQ Trust were worth $243,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of QQQ. FMR LLC increased its stake in Invesco QQQ Trust by 7.8% during the 2nd quarter. FMR LLC now owns 145,627 shares of the exchange traded fund’s stock valued at $24,997,000 after purchasing an additional 10,524 shares in the last quarter. Renaissance Technologies LLC increased its stake in Invesco QQQ Trust by 95.1% during the 2nd quarter. Renaissance Technologies LLC now owns 31,800 shares of the exchange traded fund’s stock valued at $5,458,000 after purchasing an additional 15,500 shares in the last quarter. Marshall Wace LLP acquired a new position in Invesco QQQ Trust during the 2nd quarter valued at approximately $759,000. Centaurus Financial Inc. increased its stake in Invesco QQQ Trust by 236.5% during the 2nd quarter. Centaurus Financial Inc. now owns 22,533 shares of the exchange traded fund’s stock valued at $3,868,000 after purchasing an additional 15,836 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI increased its stake in Invesco QQQ Trust by 1.3% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 398,631 shares of the exchange traded fund’s stock valued at $68,425,000 after purchasing an additional 5,203 shares in the last quarter. Institutional investors and hedge funds own 41.33% of the company’s stock.
Separately, Bank of America lowered shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research note on Monday, November 5th.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Wednesday, December 26th were issued a $0.4206 dividend. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.33. This represents a $1.68 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, December 24th.
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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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