Orion Portfolio Solutions LLC Acquires 1,268 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Orion Portfolio Solutions LLC increased its holdings in Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,209 shares of the exchange traded fund’s stock after acquiring an additional 1,268 shares during the period. Invesco QQQ Trust comprises approximately 1.1% of Orion Portfolio Solutions LLC’s portfolio, making the stock its 11th biggest holding. Orion Portfolio Solutions LLC’s holdings in Invesco QQQ Trust were worth $26,405,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in Invesco QQQ Trust by 1.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,500,725 shares of the exchange traded fund’s stock valued at $2,719,312,000 after purchasing an additional 74,380 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Invesco QQQ Trust by 150.3% in the first quarter. JPMorgan Chase & Co. now owns 5,240,784 shares of the exchange traded fund’s stock valued at $1,899,993,000 after purchasing an additional 3,146,789 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco QQQ Trust by 2.6% in the first quarter. Envestnet Asset Management Inc. now owns 4,987,043 shares of the exchange traded fund’s stock valued at $1,808,003,000 after purchasing an additional 127,231 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco QQQ Trust by 6.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,827,713 shares of the exchange traded fund’s stock valued at $1,025,159,000 after purchasing an additional 164,952 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Invesco QQQ Trust by 8.9% in the first quarter. Fisher Asset Management LLC now owns 2,399,893 shares of the exchange traded fund’s stock valued at $870,057,000 after purchasing an additional 195,182 shares during the last quarter. 41.46% of the stock is owned by institutional investors.

Invesco QQQ Trust Stock Performance

NASDAQ:QQQ opened at $280.07 on Friday. The stock’s fifty day moving average price is $307.43 and its two-hundred day moving average price is $312.52. Invesco QQQ Trust has a 1 year low of $269.28 and a 1 year high of $408.71.

Invesco QQQ Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Tuesday, September 20th will be given a dividend of $0.519 per share. The ex-dividend date of this dividend is Monday, September 19th. This represents a $2.08 annualized dividend and a dividend yield of 0.74%.

About Invesco QQQ Trust

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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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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