Chesley Taft & Associates LLC, a financial firm, has reduced its holdings in Invesco QQQ Trust (QQQ:NSD) by 20.1% during the fourth quarter, according to a recent filing with the Securities and Exchange Commission. The firm sold 400 shares and now owns 1,589 QQQ stock shares worth $423,000.
Hedge Funds & Institutional Holdings:
Several other institutional investors have also been involved in buying and selling Invesco QQQ Trust shares recently. Toronto Dominion Bank increased its holdings by 1,806.9% in the third quarter, owning 4,430,360 shares valued at $1,183,814,000.
Meanwhile, Commonwealth Equity Services LLC owns 2,013,660 shares worth $538,170,000 after a 5.6% boost, and Raymond James Financial Services Advisors Inc. owns 1,903,221 shares worth $508,727,000 after an 8.1% increase.
First Republic Investment Management Inc. also boosted its holdings by 8.4% to 1,535,707 shares worth $410,433,000. Finally, Meitav Dash Investments Ltd. owns 1,468,376 shares worth $399,146,000 after a 0.5% increase.
Institutional investors own 43.08% of the QQQ stock.
QQQ Stock Price Analysis:
Invesco QQQ Trust shares opened at $312.72 on Thursday, with a 52-week low of $254.26 and a 52-week high of $371.83. The 50-day moving average is $299.13, while the 200-day moving average is $284.96.
Invesco Trust Stock Dividend:
In related news, Invesco QQQ Trust recently announced a quarterly dividend of $0.472 per share to be paid on April 28th. Shareholders of record on March 21st will be eligible for the dividend, which represents an annualized dividend of $1.89 and a yield of 0.60%.
To maintain the correspondence between the composition and weights of the securities in the trust (the securities) and the stocks in the NASDAQ-100 Index®, the adviser adjusts the securities from time to time to conform to periodic changes in the identity and/or relative weights of index securities. The composition and weighting of the securities portion of a portfolio deposit are also adjusted to conform to changes in the index.