Heritage Investors Management Corp Has $2.57 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Heritage Investors Management Corp decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,259 shares of the exchange traded fund’s stock after selling 360 shares during the period. Heritage Investors Management Corp’s holdings in Invesco QQQ were worth $2,567,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Northeast Investment Management grew its holdings in Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after buying an additional 20 shares in the last quarter. Prospect Financial Services LLC grew its holdings in Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after buying an additional 21 shares in the last quarter. Skyline Advisors Inc. grew its holdings in Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after buying an additional 21 shares in the last quarter. Madden Advisory Services Inc. grew its holdings in Invesco QQQ by 0.9% during the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after buying an additional 21 shares in the last quarter. Finally, Sweeney & Michel LLC grew its holdings in Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.3 %

Shares of QQQ opened at $492.21 on Wednesday. Invesco QQQ has a 1 year low of $366.91 and a 1 year high of $503.52. The company has a 50 day simple moving average of $482.32 and a two-hundred day simple moving average of $470.09.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ Company 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.