Whittier Trust Co. of Nevada Inc. Has $29.28 Million Position in Invesco QQQ (NASDAQ:QQQ)

Whittier Trust Co. of Nevada Inc. raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,451 shares of the exchange traded fund’s stock after purchasing an additional 903 shares during the quarter. Invesco QQQ accounts for 0.7% of Whittier Trust Co. of Nevada Inc.’s investment portfolio, making the stock its 27th biggest holding. Whittier Trust Co. of Nevada Inc.’s holdings in Invesco QQQ were worth $29,284,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Future You Wealth LLC acquired a new position in shares of Invesco QQQ in the first quarter worth $210,000. Mountain Hill Investment Partners Corp. increased its stake in shares of Invesco QQQ by 47.6% in the first quarter. Mountain Hill Investment Partners Corp. now owns 806 shares of the exchange traded fund’s stock worth $378,000 after acquiring an additional 260 shares during the last quarter. BluePointe Capital Management LLC acquired a new position in shares of Invesco QQQ in the first quarter worth $316,000. Graybill Wealth Management LTD. acquired a new position in shares of Invesco QQQ in the first quarter worth $188,000. Finally, Firestone Capital Management increased its stake in shares of Invesco QQQ by 18.5% in the first quarter. Firestone Capital Management now owns 1,289 shares of the exchange traded fund’s stock worth $604,000 after acquiring an additional 201 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $556.21 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $559.98. The company’s fifty day moving average price is $528.46 and its two-hundred day moving average price is $505.81.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

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.