Thrivent Financial for Lutherans Increases Holdings in Invesco QQQ $QQQ

Thrivent Financial for Lutherans increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 76.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 166,555 shares of the exchange traded fund’s stock after purchasing an additional 72,072 shares during the period. Thrivent Financial for Lutherans’ holdings in Invesco QQQ were worth $91,879,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in QQQ. Brighton Jones LLC boosted its holdings in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its position in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares in the last quarter. Nuveen LLC bought a new position in Invesco QQQ in the 1st quarter worth about $10,316,000. Russell Investments Group Ltd. raised its holdings in shares of Invesco QQQ by 42.7% in the 1st quarter. Russell Investments Group Ltd. now owns 4,093 shares of the exchange traded fund’s stock valued at $1,919,000 after acquiring an additional 1,224 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at about $212,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.9%

Shares of QQQ opened at $613.62 on Monday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The stock has a 50-day moving average price of $613.64 and a 200-day moving average price of $581.01.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a dividend of $0.694 per share. The ex-dividend date was Monday, September 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%.

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.