Smithfield Trust Co Purchases 7,868 Shares of Invesco QQQ $QQQ

Smithfield Trust Co boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 93,678 shares of the exchange traded fund’s stock after buying an additional 7,868 shares during the period. Invesco QQQ makes up 2.4% of Smithfield Trust Co’s investment portfolio, making the stock its 12th largest position. Smithfield Trust Co’s holdings in Invesco QQQ were worth $51,821,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QQQ. GSG Advisors LLC boosted its position in Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after purchasing an additional 585 shares during the last quarter. Amundi increased its position in shares of Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after purchasing an additional 6,600 shares during the last quarter. Greykasell Wealth Strategies Inc. lifted its stake in shares of Invesco QQQ by 8.4% in the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after purchasing an additional 605 shares during the period. AM Investment Strategies LLC boosted its holdings in shares of Invesco QQQ by 46.5% in the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after buying an additional 612 shares during the last quarter. Finally, Banco Santander S.A. boosted its holdings in shares of Invesco QQQ by 100.2% in the first quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock worth $35,228,000 after buying an additional 37,605 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.1%

Shares of QQQ stock opened at $621.06 on Thursday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The company has a 50 day simple moving average of $604.54 and a two-hundred day simple moving average of $563.31.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a $0.694 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.