Invesco QQQ (NASDAQ:QQQ) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 307,529 shares of the exchange traded fund’s stock after selling 38,721 shares during the quarter. Bank of New York Mellon Corp owned about 0.05% of Invesco QQQ worth $147,341,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the 1st quarter worth approximately $28,000. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ in the first quarter valued at $29,000. Legacy Bridge LLC raised its position in shares of Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares during the period. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at about $35,000. Finally, Robinson Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at about $40,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.0 %

NASDAQ QQQ opened at $475.34 on Tuesday. The stock has a 50-day moving average of $474.89 and a 200 day moving average of $454.07. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Increases Dividend

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

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.