Invesco QQQ Trust (NASDAQ:QQQ) is Lumina Fund Management LLC’s 2nd Largest Position

Lumina Fund Management LLC lowered its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,550 shares of the exchange traded fund’s stock after selling 1,250 shares during the period. Invesco QQQ Trust makes up approximately 5.6% of Lumina Fund Management LLC’s investment portfolio, making the stock its 2nd biggest position. Lumina Fund Management LLC’s holdings in Invesco QQQ Trust were worth $9,235,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its position in Invesco QQQ Trust by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco QQQ Trust by 1.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after purchasing an additional 52,019 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Invesco QQQ Trust by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Invesco QQQ Trust by 5.2% in the third quarter. Commonwealth Equity Services LLC now owns 2,312,133 shares of the exchange traded fund’s stock worth $828,368,000 after purchasing an additional 114,095 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Invesco QQQ Trust by 2.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after purchasing an additional 43,000 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trust Stock Up 0.3 %

NASDAQ QQQ traded up $1.44 during trading on Wednesday, hitting $426.51. The stock had a trading volume of 46,222,772 shares, compared to its average volume of 46,039,938. Invesco QQQ Trust has a one year low of $309.89 and a one year high of $449.34. The stock has a 50 day simple moving average of $437.20 and a 200 day simple moving average of $409.44.

Invesco QQQ Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

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.