Invesco QQQ Trust (NASDAQ:QQQ) is Belpointe Asset Management LLC’s 5th Largest Position

Belpointe Asset Management LLC cut its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,395 shares of the exchange traded fund’s stock after selling 11,074 shares during the quarter. Invesco QQQ Trust makes up 2.0% of Belpointe Asset Management LLC’s portfolio, making the stock its 5th largest holding. Belpointe Asset Management LLC’s holdings in Invesco QQQ Trust were worth $7,928,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sowell Financial Services LLC increased its position in Invesco QQQ Trust by 21.0% in the fourth quarter. Sowell Financial Services LLC now owns 102,034 shares of the exchange traded fund’s stock worth $15,740,000 after purchasing an additional 17,733 shares during the period. Whalerock Point Partners LLC grew its position in shares of Invesco QQQ Trust by 12.8% during the 4th quarter. Whalerock Point Partners LLC now owns 1,900 shares of the exchange traded fund’s stock worth $293,000 after buying an additional 215 shares during the period. Actinver Wealth Management Inc. acquired a new position in shares of Invesco QQQ Trust during the 4th quarter worth about $703,000. Financial Advocates Investment Management grew its position in shares of Invesco QQQ Trust by 29.7% during the 4th quarter. Financial Advocates Investment Management now owns 2,510 shares of the exchange traded fund’s stock worth $387,000 after buying an additional 575 shares during the period. Finally, Swaine & Leidel Wealth Services LLC acquired a new position in shares of Invesco QQQ Trust during the 4th quarter worth about $1,566,000. 47.22% of the stock is owned by institutional investors.

Shares of Invesco QQQ Trust stock traded up $0.24 during trading on Friday, hitting $187.39. 28,580,864 shares of the company were exchanged, compared to its average volume of 30,876,172. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $187.93.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given 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 dividend yield of 0.69%.

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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.

Further Reading: Growth Stocks

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

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