Common Fund For Nonprofit Organizations Takes $5.77 Million Position in Invesco QQQ (NASDAQ:QQQ)

Common Fund For Nonprofit Organizations acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the third quarter, HoldingsChannel reports. The firm acquired 11,816 shares of the exchange traded fund’s stock, valued at approximately $5,767,000. Invesco QQQ makes up about 0.7% of Common Fund For Nonprofit Organizations’ holdings, making the stock its 14th largest holding.

A number of other large investors have also added to or reduced their stakes in QQQ. International Assets Investment Management LLC raised its holdings in Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares during the last quarter. Steel Grove Capital Advisors LLC raised its holdings in Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after purchasing an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in Invesco QQQ by 18,691.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after purchasing an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC raised its holdings in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $215,600,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of QQQ stock opened at $500.02 on Tuesday. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58. The firm has a 50 day moving average of $490.25 and a 200-day moving average of $475.35.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

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.