Prime Capital Investment Advisors LLC Reduces Holdings in Invesco QQQ Trust (QQQ)

Prime Capital Investment Advisors LLC cut its position in Invesco QQQ Trust (NASDAQ:QQQ) by 48.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,352 shares of the exchange traded fund’s stock after selling 16,913 shares during the quarter. Invesco QQQ Trust accounts for about 1.0% of Prime Capital Investment Advisors LLC’s holdings, making the stock its 27th biggest holding. Prime Capital Investment Advisors LLC’s holdings in Invesco QQQ Trust were worth $3,297,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. grew its stake in Invesco QQQ Trust by 74.1% during the third quarter. Alliancebernstein L.P. now owns 5,501 shares of the exchange traded fund’s stock worth $1,022,000 after purchasing an additional 2,341 shares during the period. Bank of New York Mellon Corp grew its stake in Invesco QQQ Trust by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 114,479 shares of the exchange traded fund’s stock worth $21,270,000 after purchasing an additional 1,154 shares during the period. Great Lakes Advisors LLC acquired a new stake in Invesco QQQ Trust during the third quarter worth approximately $752,000. AQR Capital Management LLC grew its stake in Invesco QQQ Trust by 21.2% during the third quarter. AQR Capital Management LLC now owns 142,377 shares of the exchange traded fund’s stock worth $18,459,000 after purchasing an additional 24,940 shares during the period. Finally, M Holdings Securities Inc. grew its stake in Invesco QQQ Trust by 51.6% during the third quarter. M Holdings Securities Inc. now owns 44,960 shares of the exchange traded fund’s stock worth $8,353,000 after purchasing an additional 15,300 shares during the period. Hedge funds and other institutional investors own 47.22% of the company’s stock.

NASDAQ QQQ opened at $186.50 on Wednesday. Invesco QQQ Trust has a one year low of $143.46 and a one year high of $187.53.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a dividend of $0.3242 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $1.30 annualized dividend and a yield of 0.70%.

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Invesco QQQ Trust 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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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