Invesco QQQ $QQQ Shares Purchased by US Bancorp DE

US Bancorp DE boosted its position in Invesco QQQ (NASDAQ:QQQ) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,378,057 shares of the exchange traded fund’s stock after buying an additional 7,378 shares during the period. Invesco QQQ makes up approximately 1.0% of US Bancorp DE’s investment portfolio, making the stock its 18th largest holding. US Bancorp DE owned 0.21% of Invesco QQQ worth $827,346,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Fifth Third Securities Inc. boosted its position in Invesco QQQ by 2.6% in the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after buying an additional 2,822 shares during the period. SK Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the third quarter worth $803,000. Great Point Wealth Advisors LLC acquired a new stake in shares of Invesco QQQ in the third quarter valued at $507,000. Strengthening Families & Communities LLC purchased a new position in Invesco QQQ in the third quarter valued at $10,771,000. Finally, Coyle Financial Counsel LLC boosted its holdings in Invesco QQQ by 4.9% in the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after purchasing an additional 2,035 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $616.34 on Thursday. The stock’s 50-day moving average is $616.46 and its two-hundred day moving average is $606.03. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.7941 dividend. This represents a $3.18 annualized dividend and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd.

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.