Belpointe Asset Management LLC trimmed its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,348 shares of the exchange traded fund's stock after selling 1,648 shares during the quarter. Invesco QQQ Trust makes up about 2.3% of Belpointe Asset Management LLC's portfolio, making the stock its 4th largest holding. Belpointe Asset Management LLC's holdings in Invesco QQQ Trust were worth $34,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in QQQ. Providence First Trust Co acquired a new position in Invesco QQQ Trust in the 3rd quarter valued at approximately $41,000. Hoese & Co LLP increased its position in Invesco QQQ Trust by 153.8% in the 3rd quarter. Hoese & Co LLP now owns 165 shares of the exchange traded fund's stock valued at $44,000 after acquiring an additional 100 shares during the period. Prudence Investment Management Hong Kong Ltd. acquired a new position in Invesco QQQ Trust in the 2nd quarter valued at approximately $56,000. Syverson Strege & Co increased its position in Invesco QQQ Trust by 140.6% in the 2nd quarter. Syverson Strege & Co now owns 243 shares of the exchange traded fund's stock valued at $68,000 after acquiring an additional 142 shares during the period. Finally, Selway Asset Management acquired a new position in Invesco QQQ Trust in the 3rd quarter valued at approximately $70,000. 43.08% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trust Trading Down 0.0 %

NASDAQ QQQ traded down $0.02 on Tuesday, hitting $293.92. The company's stock had a trading volume of 9,746,832 shares, compared to its average volume of 51,691,941. Invesco QQQ Trust has a 1-year low of $254.26 and a 1-year high of $371.83. The company's 50-day moving average is $285.63 and its 200 day moving average is $286.39.

Invesco QQQ Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Tuesday, December 20th were paid a $0.655 dividend. This is a positive change from Invesco QQQ Trust's previous quarterly dividend of $0.52. This represents a $2.62 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, December 19th.

Invesco QQQ Trust Profile

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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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