Fiduciary Trust Co Buys 230 Shares of Invesco QQQ (NASDAQ:QQQ)

Fiduciary Trust Co grew its stake in Invesco QQQ (NASDAQ:QQQ) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,508 shares of the exchange traded fund’s stock after acquiring an additional 230 shares during the period. Fiduciary Trust Co’s holdings in Invesco QQQ were worth $2,688,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in QQQ. PBCay One RSC Ltd boosted its stake in shares of Invesco QQQ by 6.2% during the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after purchasing an additional 22,000 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Invesco QQQ by 140.6% during the first quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after purchasing an additional 142 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Invesco QQQ by 5.0% during the first quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after purchasing an additional 832 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $210,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $185,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.8 %

NASDAQ QQQ opened at $505.30 on Friday. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The firm’s 50 day moving average price is $495.58 and its 200-day moving average price is $478.50.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%.

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.