Zions Bancorporation National Association UT Acquires Shares of 3,045 Invesco QQQ (NASDAQ:QQQ)

Key Points

• Zions Bancorporation National Association UT acquired a new stake in Invesco QQQ, purchasing 3,045 shares valued at approximately $1,428,000 during the first quarter.
• Invesco QQQ's shares are currently trading around $574.55, with a fifty-two week range between $402.39 and $574.77.
• The company recently cut its quarterly dividend, which was $0.5911 with an annualized yield of 0.4%.

Zions Bancorporation National Association UT purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,045 shares of the exchange traded fund's stock, valued at approximately $1,428,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the fourth quarter worth $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the first quarter worth $51,000. Finally, Banque Transatlantique SA purchased a new stake in Invesco QQQ in the fourth quarter worth $57,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock traded up $7.20 on Tuesday, reaching $580.05. The company's stock had a trading volume of 41,623,333 shares, compared to its average volume of 44,822,922. The business has a fifty day simple moving average of $550.00 and a two-hundred day simple moving average of $512.39. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $580.35.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.