HNP Capital LLC Lowers Stock Position in Invesco QQQ Trust (NASDAQ:QQQ)

Share on StockTwits

HNP Capital LLC lessened its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 17.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 680 shares of the exchange traded fund’s stock after selling 145 shares during the quarter. HNP Capital LLC’s holdings in Invesco QQQ Trust were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. Frisch Financial Group Inc. increased its holdings in shares of Invesco QQQ Trust by 0.8% during the 2nd quarter. Frisch Financial Group Inc. now owns 4,759 shares of the exchange traded fund’s stock worth $1,178,000 after buying an additional 37 shares during the last quarter. Key Financial Inc raised its holdings in Invesco QQQ Trust by 2.9% in the second quarter. Key Financial Inc now owns 1,403 shares of the exchange traded fund’s stock worth $341,000 after purchasing an additional 39 shares in the last quarter. Patten Group Inc. raised its holdings in Invesco QQQ Trust by 2.0% in the third quarter. Patten Group Inc. now owns 2,024 shares of the exchange traded fund’s stock worth $562,000 after purchasing an additional 39 shares in the last quarter. Sharkey Howes & Javer raised its holdings in Invesco QQQ Trust by 2.6% in the third quarter. Sharkey Howes & Javer now owns 1,648 shares of the exchange traded fund’s stock worth $458,000 after purchasing an additional 41 shares in the last quarter. Finally, JMG Financial Group Ltd. raised its holdings in Invesco QQQ Trust by 2.1% in the third quarter. JMG Financial Group Ltd. now owns 2,065 shares of the exchange traded fund’s stock worth $574,000 after purchasing an additional 43 shares in the last quarter. 42.99% of the stock is currently owned by institutional investors.

QQQ traded down $0.91 during trading on Tuesday, reaching $292.29. The stock had a trading volume of 291,510 shares, compared to its average volume of 49,660,332. The stock’s 50 day moving average is $283.22 and its two-hundred day moving average is $261.91. Invesco QQQ Trust has a one year low of $164.93 and a one year high of $303.50.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, September 22nd were issued a $0.388 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.55 dividend on an annualized basis and a yield of 0.53%.

Invesco QQQ Trust Company 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.

Read More: What is a recession?

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply