Argent Trust Co Has $2.46 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Argent Trust Co trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,142 shares of the exchange traded fund’s stock after selling 95 shares during the quarter. Argent Trust Co’s holdings in Invesco QQQ were worth $2,464,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ during the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ during the first quarter valued at approximately $29,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $30,000. Legacy Bridge LLC boosted its holdings 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 worth $32,000 after acquiring an additional 64 shares in the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $35,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ opened at $471.44 on Thursday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business’s 50 day simple moving average is $468.49 and its 200-day simple moving average is $457.89.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were issued a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Monday, June 24th.

Invesco QQQ 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.