Calamos Advisors LLC decreased its position in Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 85.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,295 shares of the exchange traded fund’s stock after selling 84,005 shares during the quarter. Calamos Advisors LLC’s holdings in Invesco QQQ Trust were worth $3,806,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. Davidson Capital Management Inc. raised its stake in shares of Invesco QQQ Trust by 1.3% during the 2nd quarter. Davidson Capital Management Inc. now owns 2,476 shares of the exchange traded fund’s stock worth $694,000 after purchasing an additional 31 shares in the last quarter. NTB Financial Corp raised its stake in shares of Invesco QQQ Trust by 3.8% during the 2nd quarter. NTB Financial Corp now owns 992 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 36 shares in the last quarter. Inspirion Wealth Advisors LLC raised its stake in shares of Invesco QQQ Trust by 1.9% during the 4th quarter. Inspirion Wealth Advisors LLC now owns 2,053 shares of the exchange traded fund’s stock worth $547,000 after purchasing an additional 38 shares in the last quarter. Affiance Financial LLC raised its stake in shares of Invesco QQQ Trust by 4.0% during the 3rd quarter. Affiance Financial LLC now owns 1,002 shares of the exchange traded fund’s stock worth $268,000 after purchasing an additional 39 shares in the last quarter. Finally, Bartlett & Co. LLC raised its stake in shares of Invesco QQQ Trust by 1.2% during the 4th quarter. Bartlett & Co. LLC now owns 3,282 shares of the exchange traded fund’s stock worth $874,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 43.08% of the company’s stock.
Invesco QQQ Trust Stock Down 0.7 %
Shares of QQQ traded down $2.29 during midday trading on Monday, reaching $308.60. 29,011,792 shares of the stock were exchanged, compared to its average volume of 57,880,582. Invesco QQQ Trust has a 12-month low of $254.26 and a 12-month high of $371.83. The firm has a 50 day simple moving average of $297.37 and a 200-day simple moving average of $284.71.
Invesco QQQ Trust Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Tuesday, March 21st will be paid a $0.472 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, March 20th.
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.