Teachers Insurance & Annuity Association of America Sells 300 Shares of Invesco QQQ (NASDAQ:QQQ)

Teachers Insurance & Annuity Association of America decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 19.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,230 shares of the exchange traded fund’s stock after selling 300 shares during the period. Invesco QQQ makes up 0.8% of Teachers Insurance & Annuity Association of America’s portfolio, making the stock its 22nd largest holding. Teachers Insurance & Annuity Association of America’s holdings in Invesco QQQ were worth $629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its position in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after acquiring an additional 2,059 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after purchasing an additional 11,351 shares during the last quarter. NRI Wealth Management LC bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $28,729,000. Garden State Investment Advisory Services LLC boosted its holdings in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after buying an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC grew its position in Invesco QQQ by 16.8% during the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock valued at $23,165,000 after buying an additional 6,518 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.0 %

Shares of QQQ stock opened at $490.66 on Tuesday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a market cap of $309.24 billion, a P/E ratio of 30.74 and a beta of 1.11. The company has a 50 day simple moving average of $511.00 and a two-hundred day simple moving average of $504.66.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.