11,816 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Common Fund For Nonprofit Organizations

Common Fund For Nonprofit Organizations bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,816 shares of the exchange traded fund's stock, valued at approximately $5,767,000. Invesco QQQ comprises approximately 0.7% of Common Fund For Nonprofit Organizations' portfolio, making the stock its 14th largest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Westwood Holdings Group Inc. increased its position in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund's stock worth $7,173,000 after acquiring an additional 1,993 shares in the last quarter. Socha Financial Group LLC increased its holdings in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock valued at $44,732,000 after purchasing an additional 2,171 shares in the last quarter. Archer Investment Corp raised its position in Invesco QQQ by 10.2% in the third quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund's stock valued at $21,281,000 after purchasing an additional 4,025 shares during the period. Bank Hapoalim BM lifted its stake in shares of Invesco QQQ by 5.5% during the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund's stock worth $59,250,000 after purchasing an additional 6,347 shares in the last quarter. Finally, Arrow Financial Corp boosted its position in shares of Invesco QQQ by 7.2% in the third quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund's stock worth $68,997,000 after buying an additional 9,516 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $1.50 during trading hours on Tuesday, reaching $498.52. The company had a trading volume of 3,696,405 shares, compared to its average volume of 38,049,770. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58. The stock's fifty day simple moving average is $490.25 and its 200 day simple moving average is $475.35.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%.

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.