Teachers Insurance & Annuity Association of America Purchases New Shares in Invesco QQQ (NASDAQ:QQQ)

Teachers Insurance & Annuity Association of America bought a new position in Invesco QQQ (NASDAQ:QQQ) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,530 shares of the exchange traded fund’s stock, valued at approximately $747,000. Invesco QQQ comprises 1.1% of Teachers Insurance & Annuity Association of America’s holdings, making the stock its 19th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Westwood Holdings Group Inc. increased its position in 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 buying an additional 1,993 shares during the last quarter. Socha Financial Group LLC grew its stake 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 worth $44,732,000 after buying an additional 2,171 shares in the last quarter. Archer Investment Corp increased its holdings in shares of Invesco QQQ by 10.2% in the 3rd quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund’s stock worth $21,281,000 after buying an additional 4,025 shares during the last quarter. Bank Hapoalim BM increased its stake in Invesco QQQ by 5.5% in the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after acquiring an additional 6,347 shares during the last quarter. Finally, Marco Investment Management LLC lifted its stake in Invesco QQQ by 48.1% during the third quarter. Marco Investment Management LLC now owns 9,621 shares of the exchange traded fund’s stock worth $4,696,000 after purchasing an additional 3,123 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded down $4.01 during trading on Thursday, hitting $505.30. 24,880,947 shares of the stock traded hands, 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 firm’s fifty day moving average is $495.14 and its 200-day moving average is $478.31.

Invesco QQQ Cuts Dividend

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

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.