Teachers Insurance & Annuity Association of America Invests $747,000 in Invesco QQQ (NASDAQ:QQQ)

Teachers Insurance & Annuity Association of America bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 3rd quarter, Holdings Channel reports. The fund bought 1,530 shares of the exchange traded fund’s stock, valued at approximately $747,000. Invesco QQQ makes up 1.1% of Teachers Insurance & Annuity Association of America’s portfolio, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC grew its position in shares of 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 worth $15,904,322,000 after buying an additional 32,516,210 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after buying an additional 338,494 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco QQQ by 1.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after buying an additional 33,790 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after acquiring an additional 2,762,571 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Invesco QQQ by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock valued at $1,219,115,000 after purchasing an additional 64,401 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.8 %

Shares of NASDAQ QQQ traded down $4.01 during midday trading on Thursday, hitting $505.30. The stock had a trading volume of 24,880,947 shares, compared to its average volume of 37,868,289. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58. The business’s 50 day moving average is $495.14 and its 200-day moving average is $478.31.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 annualized dividend 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.