Invesco QQQ (NASDAQ:QQQ) Shares Acquired by TIAA Trust National Association

TIAA Trust National Association boosted its position in Invesco QQQ (NASDAQ:QQQ) by 2.6% in the 2nd quarter, Holdings Channel reports. The firm owned 29,727 shares of the exchange traded fund’s stock after acquiring an additional 756 shares during the quarter. TIAA Trust National Association’s holdings in Invesco QQQ were worth $14,243,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the 1st quarter valued at $28,000. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ in the 1st quarter valued at $29,000. Mechanics Financial Corp acquired a new position in Invesco QQQ in the 2nd quarter valued at $30,000. Legacy Bridge LLC raised its stake in Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ in the 4th quarter valued at $35,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $461.81 on Wednesday. The business has a fifty day moving average of $473.84 and a two-hundred day moving average of $455.72. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.66%. The ex-dividend date was Monday, June 24th.

Invesco QQQ 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.