Clearstead Trust LLC Has $66.21 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Clearstead Trust LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,186 shares of the exchange traded fund’s stock after buying an additional 1,712 shares during the period. Invesco QQQ comprises about 16.5% of Clearstead Trust LLC’s investment portfolio, making the stock its biggest position. Clearstead Trust LLC’s holdings in Invesco QQQ were worth $66,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the 1st quarter worth approximately $28,000. Deane Retirement Strategies Inc. purchased a new position in shares of Invesco QQQ during the first quarter worth approximately $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the 2nd quarter worth approximately $30,000. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Finally, Voisard Asset Management Group Inc. bought a new position in shares of Invesco QQQ during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4 %

Shares of NASDAQ:QQQ opened at $473.24 on Tuesday. The company’s fifty day moving average is $469.61 and its 200 day moving average is $457.60. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were issued a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.