Toronto Dominion Bank Sells 377,972 Shares of Invesco QQQ (NASDAQ:QQQ)

Toronto Dominion Bank reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,883,818 shares of the exchange traded fund's stock after selling 377,972 shares during the period. Invesco QQQ makes up approximately 3.1% of Toronto Dominion Bank's investment portfolio, making the stock its 4th biggest holding. Toronto Dominion Bank owned 0.62% of Invesco QQQ worth $1,985,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PayPay Securities Corp increased its holdings in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $37,000. Finally, Hoese & Co LLP increased its stake in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $0.50 on Monday, reaching $522.01. 52,372,954 shares of the company were exchanged, compared to its average volume of 36,875,768. The company has a market cap of $327.12 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The business has a 50-day moving average price of $470.91 and a 200 day moving average price of $500.15. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.