Allspring Global Investments Holdings LLC Purchases 13,198 Shares of Invesco QQQ (NASDAQ:QQQ)

Allspring Global Investments Holdings LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 14.8% in the second quarter, Holdings Channel reports. The institutional investor owned 102,111 shares of the exchange traded fund’s stock after buying an additional 13,198 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Invesco QQQ were worth $48,923,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in QQQ. International Assets Investment Management LLC boosted its stake in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Invesco QQQ in the 1st quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC raised its stake in Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after buying an additional 3,102,568 shares during the period. Granite Bay Wealth Management LLC boosted its holdings in Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after acquiring an additional 894,532 shares in the last quarter. Finally, Harvard Management Co. Inc. acquired a new stake in Invesco QQQ in the first quarter valued at approximately $304,591,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.3 %

Shares of NASDAQ:QQQ opened at $476.76 on Wednesday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The stock’s 50 day moving average is $474.89 and its 200-day moving average is $454.07.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a $0.7615 dividend. The ex-dividend date was Monday, June 24th. 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 0.64%.

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.