Heritage Investors Management Corp Sells 140 Shares of Invesco QQQ (NASDAQ:QQQ)

Heritage Investors Management Corp reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 2.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,675 shares of the exchange traded fund’s stock after selling 140 shares during the quarter. Heritage Investors Management Corp’s holdings in Invesco QQQ were worth $2,324,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of QQQ. IMA Wealth Inc. boosted its stake in Invesco QQQ by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 25 shares in the last quarter. S.A. Mason LLC grew its position in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after purchasing an additional 25 shares during the period. Lauterbach Financial Advisors LLC lifted its holdings in shares of Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after buying an additional 25 shares during the period. Cedrus LLC grew its holdings in shares of Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 25 shares during the period. Finally, Waterfront Wealth Inc. lifted its holdings in Invesco QQQ by 3.1% in the fourth quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after acquiring an additional 25 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $0.96 on Thursday, hitting $441.02. 24,398,462 shares of the company traded hands, compared to its average volume of 45,098,582. The business’s 50 day moving average price is $436.76 and its 200-day moving average price is $414.18. Invesco QQQ has a 52-week low of $321.60 and a 52-week high of $449.34.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.52%.

About Invesco QQQ

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.