Berkeley Capital Partners LLC Sells 154 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

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Berkeley Capital Partners LLC reduced its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,486 shares of the exchange traded fund’s stock after selling 154 shares during the quarter. Invesco QQQ Trust accounts for approximately 3.3% of Berkeley Capital Partners LLC’s portfolio, making the stock its 9th largest holding. Berkeley Capital Partners LLC’s holdings in Invesco QQQ Trust were worth $5,320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Advisor Group Holdings Inc. acquired a new stake in shares of Invesco QQQ Trust in the first quarter valued at approximately $323,111,000. Morgan Stanley grew its position in shares of Invesco QQQ Trust by 75.3% in the first quarter. Morgan Stanley now owns 15,893,579 shares of the exchange traded fund’s stock valued at $3,026,138,000 after purchasing an additional 6,827,922 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Invesco QQQ Trust by 125.7% in the second quarter. SG Americas Securities LLC now owns 1,015,219 shares of the exchange traded fund’s stock valued at $251,368,000 after purchasing an additional 4,967,185 shares during the last quarter. Varma Mutual Pension Insurance Co grew its position in shares of Invesco QQQ Trust by 131.7% in the first quarter. Varma Mutual Pension Insurance Co now owns 6,573,523 shares of the exchange traded fund’s stock valued at $1,251,598,000 after purchasing an additional 3,736,364 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. grew its position in shares of Invesco QQQ Trust by 7,255.2% in the first quarter. Sumitomo Mitsui Financial Group Inc. now owns 1,285,168 shares of the exchange traded fund’s stock valued at $244,696,000 after purchasing an additional 1,267,695 shares during the last quarter. Institutional investors own 42.71% of the company’s stock.

Shares of QQQ stock traded up $4.66 during trading hours on Friday, hitting $265.79. The company’s stock had a trading volume of 53,756,159 shares, compared to its average volume of 40,239,296. The business has a fifty day moving average of $252.05 and a 200-day moving average of $224.26. Invesco QQQ Trust has a twelve month low of $164.93 and a twelve month high of $269.79.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 23rd were paid a dividend of $0.424 per share. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.39. The ex-dividend date was Monday, June 22nd. This represents a $1.70 annualized dividend and a dividend yield of 0.64%.

Separately, ValuEngine lowered shares of Invesco QQQ Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd.

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

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