Invesco QQQ $QQQ Shares Purchased by Haverford Trust Co

Key Points

• Haverford Trust Co increased its ownership of Invesco QQQ by 5.8% in the first quarter, bringing its total shares to 23,614 valued at approximately $11 million.
• Other institutional investors also increased their holdings, with a combined ownership of 44.58% of Invesco QQQ's stock as of the latest filings.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, representing an annualized dividend yield of 0.4%.

Haverford Trust Co raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,614 shares of the exchange traded fund's stock after purchasing an additional 1,299 shares during the quarter. Haverford Trust Co's holdings in Invesco QQQ were worth $11,073,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Laird Norton Wetherby Wealth Management LLC grew its holdings in Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after acquiring an additional 20 shares in the last quarter. Willis Johnson & Associates Inc. grew its position in shares of Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after acquiring an additional 21 shares in the last quarter. MTM Investment Management LLC grew its position in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after acquiring an additional 21 shares in the last quarter. Cutler Investment Counsel LLC grew its position in shares of Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after acquiring an additional 21 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC grew its position in shares of Invesco QQQ by 1.6% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock worth $707,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Up 1.5%

Invesco QQQ stock opened at $571.97 on Friday. The company has a fifty day moving average price of $557.92 and a two-hundred day moving average price of $515.81. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

Invesco QQQ Company Profile

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.

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