Invesco QQQ (NASDAQ:QQQ) Stake Lifted by Global Trust Asset Management LLC

Global Trust Asset Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 0.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 35,271 shares of the exchange traded fund’s stock after acquiring an additional 91 shares during the quarter. Invesco QQQ comprises approximately 6.8% of Global Trust Asset Management LLC’s portfolio, making the stock its 2nd largest position. Global Trust Asset Management LLC’s holdings in Invesco QQQ were worth $18,031,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. International Assets Investment Management LLC boosted its position in Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Invesco QQQ by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after acquiring an additional 338,494 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after purchasing an additional 488,815 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco QQQ by 1.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after purchasing an additional 33,790 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp increased its holdings in Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after purchasing an additional 13,772 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.3 %

Invesco QQQ stock opened at $531.51 on Thursday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The stock has a 50 day moving average of $516.33 and a 200-day moving average of $492.54.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.