Massmutual Trust Co. FSB ADV Grows Position in Invesco QQQ (NASDAQ:QQQ)

Massmutual Trust Co. FSB ADV grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 23.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,445 shares of the exchange traded fund’s stock after purchasing an additional 277 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Invesco QQQ were worth $692,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QQQ. Atwater Malick LLC purchased a new stake in Invesco QQQ in the 1st quarter worth $293,000. Aviance Capital Partners LLC raised its holdings in shares of Invesco QQQ by 29.7% in the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after acquiring an additional 1,033 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares in the last quarter. GenWealth Group Inc. boosted its position in Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after purchasing an additional 2,325 shares in the last quarter. Finally, Fiera Capital Corp grew its position in shares of Invesco QQQ by 1.7% in the 4th quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock worth $268,987,000 after buying an additional 11,013 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ traded up $4.26 during trading hours on Tuesday, reaching $439.63. 55,198,254 shares of the company traded hands, compared to its average volume of 41,062,820. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The business has a fifty day moving average price of $474.70 and a 200-day moving average price of $449.92.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 0.69%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th.

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.