Invesco QQQ (NASDAQ:QQQ) Shares Bought by Home Federal Bank of Tennessee

Home Federal Bank of Tennessee grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,563 shares of the exchange traded fund’s stock after acquiring an additional 443 shares during the period. Invesco QQQ comprises about 0.6% of Home Federal Bank of Tennessee’s holdings, making the stock its 25th biggest position. Home Federal Bank of Tennessee’s holdings in Invesco QQQ were worth $2,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. Deane Retirement Strategies Inc. purchased a new position in shares of Invesco QQQ during the 1st quarter worth approximately $29,000. Voisard Asset Management Group Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Red Tortoise LLC increased its stake in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares in the last quarter. Friedenthal Financial purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $41,000. Finally, Robinson Capital Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $40,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.5 %

Shares of QQQ traded down $2.50 during mid-day trading on Friday, reaching $479.11. 34,881,581 shares of the company’s stock were exchanged, compared to its average volume of 28,583,126. The company has a 50-day simple moving average of $454.85 and a two-hundred day simple moving average of $436.54. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $487.20.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be paid a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Monday, June 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.