Invesco QQQ (NASDAQ:QQQ) Shares Bought by TD Asset Management Inc

Key Points

• TD Asset Management Inc has increased its holdings in Invesco QQQ by 18.1%, acquiring an additional 210,894 shares to own a total of 1,378,074 shares valued at approximately $646.2 million.
• Invesco QQQ's quarterly dividend of $0.5911 will be paid on July 31st, with a 0.42% annualized dividend yield.
• As of the latest data, approximately 44.58% of Invesco QQQ's stock is owned by institutional investors, reflecting a significant interest in the ETF.

TD Asset Management Inc grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,378,074 shares of the exchange traded fund's stock after purchasing an additional 210,894 shares during the quarter. TD Asset Management Inc owned about 0.22% of Invesco QQQ worth $646,206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rareview Capital LLC increased its stake in Invesco QQQ by 113.4% during the 1st quarter. Rareview Capital LLC now owns 33,028 shares of the exchange traded fund's stock valued at $15,487,000 after purchasing an additional 17,548 shares in the last quarter. Brandywine Oak Private Wealth LLC increased its stake in Invesco QQQ by 0.4% during the 1st quarter. Brandywine Oak Private Wealth LLC now owns 6,144 shares of the exchange traded fund's stock valued at $2,881,000 after purchasing an additional 25 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD increased its stake in Invesco QQQ by 8.7% during the 1st quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 83,318 shares of the exchange traded fund's stock valued at $39,108,000 after purchasing an additional 6,699 shares in the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its stake in Invesco QQQ by 8.3% during the 1st quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 259,123 shares of the exchange traded fund's stock valued at $121,628,000 after purchasing an additional 19,779 shares in the last quarter. Finally, Fischer Financial Services Inc. increased its stake in shares of Invesco QQQ by 2.4% in the first quarter. Fischer Financial Services Inc. now owns 28,782 shares of the exchange traded fund's stock worth $13,497,000 after acquiring an additional 668 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.1%

NASDAQ QQQ traded down $0.40 on Tuesday, reaching $567.74. 21,595,841 shares of the company's stock traded hands, compared to its average volume of 44,487,148. The stock has a 50 day moving average price of $540.06 and a 200-day moving average price of $509.18. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $572.11.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a 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.