Integrated Investment Consultants LLC Has $2.32 Million Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)
Integrated Investment Consultants LLC lifted its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 15.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,335 shares of the exchange traded fund’s stock after purchasing an additional 1,118 shares during the period. Invesco QQQ Trust accounts for 1.1% of Integrated Investment Consultants LLC’s portfolio, making the stock its 17th largest holding. Integrated Investment Consultants LLC’s holdings in Invesco QQQ Trust were worth $2,316,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley lifted its stake in Invesco QQQ Trust by 75.3% in the 1st quarter. Morgan Stanley now owns 15,893,579 shares of the exchange traded fund’s stock valued at $3,026,138,000 after purchasing an additional 6,827,922 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Invesco QQQ Trust by 125.7% during the second quarter. SG Americas Securities LLC now owns 1,015,219 shares of the exchange traded fund’s stock worth $251,368,000 after buying an additional 4,967,185 shares during the period. TD Asset Management Inc. grew its holdings in Invesco QQQ Trust by 511.6% in the second quarter. TD Asset Management Inc. now owns 3,465,998 shares of the exchange traded fund’s stock worth $858,181,000 after purchasing an additional 2,899,298 shares during the period. FMR LLC grew its holdings in Invesco QQQ Trust by 1,363.3% in the second quarter. FMR LLC now owns 2,557,669 shares of the exchange traded fund’s stock worth $633,278,000 after purchasing an additional 2,382,876 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Invesco QQQ Trust by 76.1% in the third quarter. Envestnet Asset Management Inc. now owns 5,219,150 shares of the exchange traded fund’s stock valued at $1,450,089,000 after buying an additional 2,255,392 shares in the last quarter. Institutional investors and hedge funds own 42.99% of the company’s stock.
Separately, ValuEngine lowered shares of Invesco QQQ Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 22nd will be paid a $0.388 dividend. The ex-dividend date is Monday, September 21st. This represents a $1.55 dividend on an annualized basis and a yield of 0.57%.
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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