Trust Co. of Vermont Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Trust Co. of Vermont increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 19.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,801 shares of the exchange traded fund’s stock after purchasing an additional 2,239 shares during the quarter. Trust Co. of Vermont’s holdings in Invesco QQQ were worth $6,736,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the first quarter valued at about $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ during the first quarter worth about $40,000. CGC Financial Services LLC grew its holdings in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted its position in Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.1 %

Shares of QQQ stock opened at $491.25 on Friday. The business’s 50 day moving average is $476.80 and its two-hundred day moving average is $464.48. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

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.