TIAA Trust National Association Has $15.18 Million Position in Invesco QQQ (NASDAQ:QQQ)

TIAA Trust National Association raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 29,698 shares of the exchange traded fund’s stock after acquiring an additional 774 shares during the period. TIAA Trust National Association’s holdings in Invesco QQQ were worth $15,183,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in QQQ. PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ in the fourth quarter valued at about $37,000. Hoese & Co LLP increased its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $51,000. Finally, Creative Capital Management Investments LLC lifted its holdings in shares of Invesco QQQ by 740.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $493.46 on Wednesday. The stock has a market cap of $311.00 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The business has a 50 day simple moving average of $510.77 and a 200 day simple moving average of $504.97. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

Invesco QQQ Company 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.