Johns Hopkins University Makes New $99.12 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Johns Hopkins University acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 211,382 shares of the exchange traded fund's stock, valued at approximately $99,121,000. Invesco QQQ makes up 3.7% of Johns Hopkins University's portfolio, making the stock its 6th largest holding.

Several other hedge funds also recently added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the fourth quarter worth approximately $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the first quarter worth approximately $51,000. Finally, Banque Transatlantique SA purchased a new position in shares of Invesco QQQ in the fourth quarter worth approximately $57,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded down $2.92 on Tuesday, reaching $561.25. The stock had a trading volume of 42,884,164 shares, compared to its average volume of 39,508,374. The business's 50-day moving average price is $534.38 and its two-hundred day moving average price is $507.13. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $566.06.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%.

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.