Wilmington Savings Fund Society FSB Has $53.77 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Wilmington Savings Fund Society FSB increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 92.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,159 shares of the exchange traded fund's stock after acquiring an additional 52,800 shares during the quarter. Invesco QQQ accounts for about 1.0% of Wilmington Savings Fund Society FSB's holdings, making the stock its 18th largest position. Wilmington Savings Fund Society FSB's holdings in Invesco QQQ were worth $53,765,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in QQQ. Mechanics Financial Corp purchased a new position in Invesco QQQ during the 2nd quarter valued at about $30,000. Legacy Bridge LLC grew its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas acquired a new position in Invesco QQQ in the 3rd quarter valued at approximately $62,000. CarsonAllaria Wealth Management Ltd. lifted its position in Invesco QQQ by 27.2% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund's stock worth $63,000 after buying an additional 28 shares in the last quarter. Finally, Bray Capital Advisors boosted its stake in shares of Invesco QQQ by 78.0% during the 2nd quarter. Bray Capital Advisors now owns 146 shares of the exchange traded fund's stock valued at $70,000 after buying an additional 64 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.6 %

Shares of Invesco QQQ stock traded down $3.42 on Thursday, hitting $526.50. 23,380,307 shares of the company traded hands, compared to its average volume of 37,237,086. Invesco QQQ has a 12-month low of $395.34 and a 12-month high of $530.61. The company has a 50-day moving average price of $502.02 and a 200 day moving average price of $482.98.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.51%.

Invesco QQQ Company 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.