Raymond James Trust N.A. Purchases 1,841 Shares of Invesco QQQ Trust (NASDAQ:QQQ)


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Raymond James Trust N.A. raised its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,618 shares of the exchange traded fund’s stock after acquiring an additional 1,841 shares during the period. Raymond James Trust N.A.’s holdings in Invesco QQQ Trust were worth $7,096,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Morgan Stanley lifted its stake in shares of Invesco QQQ Trust by 32.4% in the third quarter. Morgan Stanley now owns 16,506,838 shares of the exchange traded fund’s stock valued at $4,586,261,000 after buying an additional 4,035,330 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Invesco QQQ Trust by 76.1% in the third quarter. Envestnet Asset Management Inc. now owns 5,219,150 shares of the exchange traded fund’s stock valued at $1,450,089,000 after buying an additional 2,255,392 shares during the period. TD Asset Management Inc. lifted its stake in shares of Invesco QQQ Trust by 1.4% in the third quarter. TD Asset Management Inc. now owns 3,515,553 shares of the exchange traded fund’s stock valued at $976,761,000 after buying an additional 49,555 shares during the period. Varma Mutual Pension Insurance Co lifted its stake in shares of Invesco QQQ Trust by 226.0% in the third quarter. Varma Mutual Pension Insurance Co now owns 2,730,972 shares of the exchange traded fund’s stock valued at $758,773,000 after buying an additional 1,893,293 shares during the period. Finally, FMR LLC lifted its stake in shares of Invesco QQQ Trust by 1,363.3% in the second quarter. FMR LLC now owns 2,557,669 shares of the exchange traded fund’s stock valued at $633,278,000 after buying an additional 2,382,876 shares during the period. Institutional investors own 42.99% of the company’s stock.

Shares of NASDAQ QQQ traded up $2.12 during mid-day trading on Wednesday, hitting $316.04. The company had a trading volume of 22,365,173 shares, compared to its average volume of 34,573,328. The business’s 50-day simple moving average is $311.56 and its 200-day simple moving average is $295.30. Invesco QQQ Trust has a 12 month low of $164.93 and a 12 month high of $319.39.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 31st. Investors of record on Tuesday, December 22nd were paid a $0.561 dividend. This represents a $2.24 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Monday, December 21st. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.39.

About Invesco QQQ Trust

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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