Monument Capital Management lowered its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 1.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,291 shares of the exchange traded fund’s stock after selling 394 shares during the period. Invesco QQQ Trust makes up 2.5% of Monument Capital Management’s holdings, making the stock its 3rd biggest holding. Monument Capital Management’s holdings in Invesco QQQ Trust were worth $4,364,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in QQQ. First Manhattan Co. grew its holdings in Invesco QQQ Trust by 8.3% during the 4th quarter. First Manhattan Co. now owns 6,929 shares of the exchange traded fund’s stock worth $1,069,000 after acquiring an additional 530 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in Invesco QQQ Trust by 10.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 10,931 shares of the exchange traded fund’s stock worth $1,763,000 after acquiring an additional 1,010 shares in the last quarter. Whitnell & Co. grew its holdings in Invesco QQQ Trust by 306.1% during the 4th quarter. Whitnell & Co. now owns 796 shares of the exchange traded fund’s stock worth $123,000 after acquiring an additional 600 shares in the last quarter. Heritage Wealth Advisors acquired a new position in Invesco QQQ Trust during the 4th quarter worth approximately $159,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Invesco QQQ Trust during the 4th quarter worth approximately $20,208,000. Hedge funds and other institutional investors own 48.00% of the company’s stock.

NASDAQ QQQ traded up $0.26 on Wednesday, hitting $184.74. 1,601,155 shares of the stock were exchanged, compared to its average volume of 35,872,406. Invesco QQQ Trust has a fifty-two week low of $143.46 and a fifty-two week high of $187.53.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.3242 per share. This represents a $1.30 annualized dividend and a yield of 0.70%. The ex-dividend date is Monday, March 18th.

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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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