Invesco QQQ Trust (QQQ) is Howard Capital Management Inc.’s 3rd Largest Position

Howard Capital Management Inc. raised its position in Invesco QQQ Trust (NASDAQ:QQQ) by 212.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,835 shares of the exchange traded fund’s stock after buying an additional 200,353 shares during the quarter. Invesco QQQ Trust accounts for 5.3% of Howard Capital Management Inc.’s holdings, making the stock its 3rd biggest holding. Howard Capital Management Inc. owned 0.08% of Invesco QQQ Trust worth $54,789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signature Estate & Investment Advisors LLC bought a new stake in shares of Invesco QQQ Trust during the 2nd quarter valued at $104,000. Providence Capital Advisors LLC lifted its position in shares of Invesco QQQ Trust by 487.4% during the 2nd quarter. Providence Capital Advisors LLC now owns 605 shares of the exchange traded fund’s stock valued at $104,000 after acquiring an additional 502 shares during the period. Opera Trading Capital bought a new stake in shares of Invesco QQQ Trust during the 2nd quarter valued at $112,000. Quad Cities Investment Group LLC bought a new stake in shares of Invesco QQQ Trust during the 2nd quarter valued at $128,000. Finally, MinichMacGregor Wealth Management LLC bought a new stake in shares of Invesco QQQ Trust during the 2nd quarter valued at $143,000. 40.74% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:QQQ opened at $173.18 on Friday. Invesco QQQ Trust has a fifty-two week low of $146.33 and a fifty-two week high of $187.53.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Tuesday, September 25th will be given a dividend of $0.3298 per share. The ex-dividend date of this dividend is Monday, September 24th. This represents a $1.32 annualized dividend and a dividend yield of 0.76%.

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.

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

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