Landsberg Bennett & Dubbaneh LLC reduced its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 15.6% during the second quarter, Holdings Channel.com reports. The firm owned 2,096 shares of the exchange traded fund’s stock after selling 387 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in Invesco QQQ Trust were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ellis Investment Partners LLC raised its position in Invesco QQQ Trust by 17,883.3% in the first quarter. Ellis Investment Partners LLC now owns 6,329,777 shares of the exchange traded fund’s stock worth $6,329,000 after acquiring an additional 6,294,579 shares in the last quarter. Thoroughbred Financial Services LLC raised its position in Invesco QQQ Trust by 19,082.5% in the second quarter. Thoroughbred Financial Services LLC now owns 5,919,517 shares of the exchange traded fund’s stock worth $591,952,000 after acquiring an additional 5,888,658 shares in the last quarter. Deutsche Bank AG raised its position in Invesco QQQ Trust by 267,182.0% in the fourth quarter. Deutsche Bank AG now owns 5,043,612 shares of the exchange traded fund’s stock worth $778,025,000 after acquiring an additional 5,041,725 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in Invesco QQQ Trust in the first quarter worth about $596,218,000. Finally, Duality Advisers LP bought a new stake in Invesco QQQ Trust in the first quarter worth about $211,794,000. Institutional investors and hedge funds own 39.48% of the company’s stock.

Invesco QQQ Trust stock traded up $1.99 during midday trading on Friday, hitting $195.29. The company’s stock had a trading volume of 20,404,060 shares, compared to its average volume of 20,716,498. The business’s 50-day simple moving average is $188.70. Invesco QQQ Trust has a 12 month low of $143.46 and a 12 month high of $195.55.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, June 25th will be issued a dividend of $0.416 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $1.66 annualized dividend and a yield of 0.85%.

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.

Read More: Benefits of owning preferred stock

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

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

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