Keybank National Association OH Grows Position in Invesco QQQ $QQQ

Keybank National Association OH grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,888 shares of the exchange traded fund’s stock after buying an additional 726 shares during the period. Keybank National Association OH’s holdings in Invesco QQQ were worth $19,246,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares in the last quarter. Wealth Group Ltd. lifted its position in shares of Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after acquiring an additional 4,835 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Invesco QQQ by 7.3% in the first quarter. Golden State Wealth Management LLC now owns 32,742 shares of the exchange traded fund’s stock valued at $15,353,000 after acquiring an additional 2,241 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its position in shares of Invesco QQQ by 110.7% in the first quarter. DAVENPORT & Co LLC now owns 21,608 shares of the exchange traded fund’s stock valued at $10,133,000 after acquiring an additional 223,140 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $626.05 on Friday. The stock’s 50-day simple moving average is $595.56 and its 200-day simple moving average is $551.96. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd.

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.