Invesco QQQ Trust (NASDAQ:QQQ) Shares Acquired by Envestnet Asset Management Inc.

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Envestnet Asset Management Inc. increased its position in Invesco QQQ Trust (NASDAQ:QQQ) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,540,270 shares of the exchange traded fund’s stock after buying an additional 97,802 shares during the quarter. Envestnet Asset Management Inc. owned about 0.39% of Invesco QQQ Trust worth $287,630,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QQQ. Murphy Middleton Hinkle & Parker Inc. lifted its holdings in shares of Invesco QQQ Trust by 1.8% during the second quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,872 shares of the exchange traded fund’s stock valued at $536,000 after purchasing an additional 52 shares during the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in shares of Invesco QQQ Trust by 1.4% during the first quarter. Carmichael Hill & Associates Inc. now owns 3,730 shares of the exchange traded fund’s stock valued at $670,000 after purchasing an additional 53 shares during the last quarter. Hartford Financial Management Inc. lifted its holdings in shares of Invesco QQQ Trust by 4.5% during the second quarter. Hartford Financial Management Inc. now owns 1,235 shares of the exchange traded fund’s stock valued at $231,000 after purchasing an additional 53 shares during the last quarter. Renaissance Investment Group LLC lifted its holdings in shares of Invesco QQQ Trust by 3.0% during the first quarter. Renaissance Investment Group LLC now owns 1,851 shares of the exchange traded fund’s stock valued at $333,000 after purchasing an additional 54 shares during the last quarter. Finally, Middleton & Co Inc MA lifted its holdings in shares of Invesco QQQ Trust by 3.3% during the first quarter. Middleton & Co Inc MA now owns 1,870 shares of the exchange traded fund’s stock valued at $336,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 40.07% of the company’s stock.

Shares of NASDAQ QQQ traded down $0.69 during mid-day trading on Thursday, hitting $182.07. 4,451,493 shares of the company traded hands, compared to its average volume of 33,263,834. Invesco QQQ Trust has a 1 year low of $143.46 and a 1 year high of $195.55. The business’s 50 day moving average is $190.06.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, June 25th were issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Monday, June 24th.

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

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