Trust Co. of Toledo NA OH Has $4.56 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Trust Co. of Toledo NA OH grew its position in Invesco QQQ (NASDAQ:QQQ) by 21.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,346 shares of the exchange traded fund’s stock after buying an additional 1,644 shares during the period. Trust Co. of Toledo NA OH’s holdings in Invesco QQQ were worth $4,562,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in QQQ. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ during the second quarter worth $30,000. Deane Retirement Strategies Inc. bought a new position in Invesco QQQ in the first quarter valued at $29,000. Voisard Asset Management Group Inc. bought a new position in Invesco QQQ in the fourth quarter valued at $35,000. Finally, Chelsea Counsel Co. acquired a new stake in Invesco QQQ in the 1st quarter valued at $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $481.95 on Thursday. The firm has a 50-day moving average of $468.60 and a 200-day moving average of $461.03. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.56%.

About Invesco QQQ

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.