Wakefield Asset Management LLLP Has $1.47 Million Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

Wakefield Asset Management LLLP grew its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,156 shares of the exchange traded fund’s stock after purchasing an additional 57 shares during the quarter. Wakefield Asset Management LLLP’s holdings in Invesco QQQ Trust were worth $1,473,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Invesco QQQ Trust by 4.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,015,657 shares of the exchange traded fund’s stock valued at $359,979,000 after purchasing an additional 42,395 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Invesco QQQ Trust by 4.3% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 26,180 shares of the exchange traded fund’s stock worth $9,279,000 after acquiring an additional 1,081 shares during the period. Toronto Dominion Bank lifted its stake in shares of Invesco QQQ Trust by 110.2% in the second quarter. Toronto Dominion Bank now owns 1,200,394 shares of the exchange traded fund’s stock worth $425,450,000 after acquiring an additional 629,228 shares during the period. Smith Moore & CO. lifted its stake in shares of Invesco QQQ Trust by 33.4% in the second quarter. Smith Moore & CO. now owns 13,835 shares of the exchange traded fund’s stock worth $4,903,000 after acquiring an additional 3,461 shares during the period. Finally, Avantax Planning Partners Inc. lifted its stake in shares of Invesco QQQ Trust by 6.8% in the second quarter. Avantax Planning Partners Inc. now owns 9,679 shares of the exchange traded fund’s stock worth $3,431,000 after acquiring an additional 619 shares during the period. 44.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Invesco QQQ Trust stock traded down $0.72 during midday trading on Wednesday, reaching $374.54. The company had a trading volume of 689,882 shares, compared to its average volume of 41,776,973. The stock has a fifty day moving average price of $369.05 and a 200 day moving average price of $344.77. Invesco QQQ Trust has a fifty-two week low of $260.11 and a fifty-two week high of $382.78.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30th. Investors of record on Tuesday, June 22nd were paid a $0.397 dividend. This is a positive change from Invesco QQQ Trust’s previous quarterly dividend of $0.40. This represents a $1.59 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Monday, June 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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