Moody National Bank Trust Division Takes Position in Invesco QQQ (NASDAQ:QQQ)

Moody National Bank Trust Division bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 423 shares of the exchange traded fund’s stock, valued at approximately $203,000.

Several other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $1,580,776,000. Steel Grove Capital Advisors LLC lifted its position in shares of Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after buying an additional 3,102,568 shares in the last quarter. Harvard Management Co. Inc. bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $304,591,000. Finally, CHURCHILL MANAGEMENT Corp increased its stake in shares of Invesco QQQ by 30.7% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after purchasing an additional 433,317 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.0 %

Shares of QQQ stock traded up $4.16 during trading hours on Tuesday, hitting $439.53. 62,390,047 shares of the company were exchanged, compared to its average volume of 41,110,766. The firm has a fifty day simple moving average of $474.70 and a 200 day simple moving average of $449.92. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 0.69%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was 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.