Canal Capital Management LLC lessened its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,335 shares of the exchange traded fund’s stock after selling 155 shares during the quarter. Invesco QQQ Trust accounts for about 1.6% of Canal Capital Management LLC’s portfolio, making the stock its 8th largest holding. Canal Capital Management LLC’s holdings in Invesco QQQ Trust were worth $5,489,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Investors Research Corp raised its position in shares of Invesco QQQ Trust by 126.5% in the second quarter. Investors Research Corp now owns 77 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 43 shares during the period. West Branch Capital LLC acquired a new position in shares of Invesco QQQ Trust in the 2nd quarter worth approximately $35,000. Annapolis Financial Services LLC lifted its holdings in Invesco QQQ Trust by 31.0% during the 2nd quarter. Annapolis Financial Services LLC now owns 131 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 31 shares in the last quarter. Sierra Capital LLC acquired a new stake in Invesco QQQ Trust during the 1st quarter worth approximately $51,000. Finally, Moisand Fitzgerald Tamayo LLC lifted its holdings in Invesco QQQ Trust by 563.6% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 146 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 124 shares in the last quarter. Institutional investors own 42.04% of the company’s stock.
Invesco QQQ Trust stock opened at $398.76 on Friday. Invesco QQQ Trust has a 52-week low of $294.59 and a 52-week high of $408.71. The company’s 50 day moving average is $378.81 and its two-hundred day moving average is $363.63.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 29th. Shareholders of record on Tuesday, September 21st were issued a dividend of $0.414 per share. The ex-dividend date of this dividend was Monday, September 20th. This is a positive change from Invesco QQQ Trust’s previous quarterly dividend of $0.40. This represents a $1.66 dividend on an annualized basis and a yield of 0.42%.
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.
Featured Article: What is a closed-end mutual fund (CEF)?