GenWealth Group Inc. lessened its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 97.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,576 shares of the exchange traded fund’s stock after selling 66,316 shares during the quarter. GenWealth Group Inc.’s holdings in Invesco QQQ Trust were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of QQQ. FMR LLC increased its holdings in Invesco QQQ Trust by 7.8% in the 2nd quarter. FMR LLC now owns 145,627 shares of the exchange traded fund’s stock valued at $24,997,000 after acquiring an additional 10,524 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Invesco QQQ Trust by 95.1% in the 2nd quarter. Renaissance Technologies LLC now owns 31,800 shares of the exchange traded fund’s stock worth $5,458,000 after buying an additional 15,500 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Invesco QQQ Trust in the 2nd quarter worth about $759,000. Centaurus Financial Inc. increased its holdings in shares of Invesco QQQ Trust by 236.5% in the 2nd quarter. Centaurus Financial Inc. now owns 22,533 shares of the exchange traded fund’s stock worth $3,868,000 after buying an additional 15,836 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI increased its holdings in shares of Invesco QQQ Trust by 1.3% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 398,631 shares of the exchange traded fund’s stock worth $68,425,000 after buying an additional 5,203 shares during the last quarter. Institutional investors and hedge funds own 41.33% of the company’s stock.

Shares of Invesco QQQ Trust stock traded down $0.76 during trading hours on Friday, reaching $160.52. The company’s stock had a trading volume of 2,148,770 shares, compared to its average volume of 64,558,124. Invesco QQQ Trust has a one year low of $143.46 and a one year high of $187.53.

The company also recently declared a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Wednesday, December 26th were paid a dividend of $0.4206 per share. The ex-dividend date was Monday, December 24th. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.33. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.05%.

Separately, Bank of America downgraded shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a report on Monday, November 5th.

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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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