Contravisory Investment Management Inc. Lowers Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)


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Contravisory Investment Management Inc. lessened its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 43.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 340 shares of the exchange traded fund’s stock after selling 260 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Invesco QQQ Trust were worth $107,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of QQQ. Claudia M.P. Batlle CRP R LLC acquired a new position in Invesco QQQ Trust during the 3rd quarter valued at approximately $28,000. Barnett & Company Inc. increased its stake in Invesco QQQ Trust by 250.0% during the 3rd quarter. Barnett & Company Inc. now owns 140 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. TFC Financial Management acquired a new position in Invesco QQQ Trust during the 3rd quarter valued at approximately $78,000. Fiduciary Planning LLC acquired a new position in Invesco QQQ Trust during the 3rd quarter valued at approximately $95,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Invesco QQQ Trust by 126.5% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 385 shares of the exchange traded fund’s stock valued at $107,000 after acquiring an additional 215 shares during the last quarter. Institutional investors and hedge funds own 42.99% of the company’s stock.

QQQ stock opened at $316.04 on Thursday. The firm’s fifty day simple moving average is $311.56 and its 200-day simple moving average is $295.30. Invesco QQQ Trust has a 12 month low of $164.93 and a 12 month high of $319.39.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 31st. Stockholders of record on Tuesday, December 22nd were issued a $0.561 dividend. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.39. This represents a $2.24 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Monday, December 21st.

Invesco QQQ Trust 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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