Chemung Canal Trust Co. Trims Position in Invesco QQQ Trust (NASDAQ:QQQ)


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Chemung Canal Trust Co. decreased its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,454 shares of the exchange traded fund’s stock after selling 1,293 shares during the quarter. Invesco QQQ Trust comprises 1.5% of Chemung Canal Trust Co.’s holdings, making the stock its 27th biggest position. Chemung Canal Trust Co.’s holdings in Invesco QQQ Trust were worth $7,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in QQQ. Claudia M.P. Batlle CRP R LLC purchased a new position in Invesco QQQ Trust during the third quarter worth approximately $28,000. Barnett & Company Inc. lifted its holdings in Invesco QQQ Trust by 250.0% during the 3rd quarter. Barnett & Company Inc. now owns 140 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. TFC Financial Management acquired a new stake in Invesco QQQ Trust during the 3rd quarter valued at $78,000. Fiduciary Planning LLC acquired a new stake in Invesco QQQ Trust during the 3rd quarter valued at $95,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Invesco QQQ Trust by 126.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 385 shares of the exchange traded fund’s stock valued at $107,000 after purchasing an additional 215 shares during the last quarter. 42.99% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trust stock traded up $2.12 during mid-day trading on Wednesday, hitting $316.04. 22,365,173 shares of the company’s stock traded hands, compared to its average volume of 34,573,328. The firm has a 50 day simple moving average of $311.56 and a two-hundred day simple moving average of $295.30. Invesco QQQ Trust has a fifty-two week low of $164.93 and a fifty-two week high of $319.39.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 31st. Shareholders of record on Tuesday, December 22nd were issued a dividend of $0.561 per share. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.39. The ex-dividend date was Monday, December 21st. This represents a $2.24 annualized dividend and a yield of 0.71%.

About Invesco QQQ Trust

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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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)

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