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

Glenmede Trust Co. NA increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,459 shares of the exchange traded fund’s stock after purchasing an additional 3,553 shares during the period. Glenmede Trust Co. NA’s holdings in Invesco QQQ were worth $14,378,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Freedom Investment Management Inc. raised its position in shares of Invesco QQQ by 4.4% during the 3rd quarter. Freedom Investment Management Inc. now owns 4,228 shares of the exchange traded fund’s stock valued at $2,064,000 after buying an additional 177 shares during the period. Cynosure Group LLC increased its stake in Invesco QQQ by 24.9% during the third quarter. Cynosure Group LLC now owns 28,950 shares of the exchange traded fund’s stock worth $14,129,000 after acquiring an additional 5,773 shares during the last quarter. Townsquare Capital LLC raised its position in Invesco QQQ by 9.2% in the third quarter. Townsquare Capital LLC now owns 53,201 shares of the exchange traded fund’s stock valued at $25,967,000 after purchasing an additional 4,504 shares during the period. Cadence Bank acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at $2,168,000. Finally, Carlson Capital Management grew its holdings in shares of Invesco QQQ by 6.9% during the 3rd quarter. Carlson Capital Management now owns 1,677 shares of the exchange traded fund’s stock worth $819,000 after purchasing an additional 108 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $505.30 on Friday. The company’s 50-day moving average price is $495.58 and its 200 day moving average price is $478.50. Invesco QQQ has a 12-month low of $382.66 and a 12-month high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid 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.