Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Glenmede Trust Co. NA

Glenmede Trust Co. NA increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 13.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,459 shares of the exchange traded fund’s stock after acquiring an additional 3,553 shares during the period. Glenmede Trust Co. NA’s holdings in Invesco QQQ were worth $14,378,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ during the 1st quarter worth approximately $40,000. CGC Financial Services LLC raised its holdings in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares during the last quarter. PFG Private Wealth Management LLC lifted its position in shares of Invesco QQQ by 572.2% in the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 103 shares in the last quarter. Finally, Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.8 %

Shares of QQQ opened at $505.30 on Friday. The stock has a 50 day moving average price of $495.58 and a 200 day moving average price of $478.50. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58.

Invesco QQQ Cuts Dividend

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

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.