Invesco QQQ $QQQ Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc has decreased its stake in Invesco QQQ by 24.4%, now owning 1,042,286 shares worth approximately $575 million.
• Invesco QQQ recently announced an increase in its quarterly dividend to $0.694 per share, with an annualized yield of 0.5%.
• Institutional investors own 44.58% of Invesco QQQ's stock, indicating significant market presence and interest.

TD Asset Management Inc decreased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,042,286 shares of the exchange traded fund's stock after selling 335,788 shares during the period. TD Asset Management Inc owned 0.16% of Invesco QQQ worth $574,967,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. GSG Advisors LLC raised its stake in Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after acquiring an additional 585 shares in the last quarter. Amundi raised its stake in Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock valued at $49,980,000 after acquiring an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC raised its stake in Invesco QQQ by 8.6% during the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock valued at $9,428,000 after acquiring an additional 1,586 shares in the last quarter. Greykasell Wealth Strategies Inc. raised its stake in Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock valued at $3,649,000 after acquiring an additional 605 shares in the last quarter. Finally, AM Investment Strategies LLC raised its stake in Invesco QQQ by 46.5% during the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund's stock valued at $904,000 after acquiring an additional 612 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.7%

Shares of Invesco QQQ stock opened at $598.00 on Wednesday. The business's fifty day moving average price is $585.40 and its two-hundred day moving average price is $538.03. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.

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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