Thrivent Financial for Lutherans Acquires 72,072 Shares of Invesco QQQ $QQQ

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

A number of other large investors have also added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the 2nd quarter worth approximately $41,000. Moser Wealth Advisors LLC lifted its stake in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the last quarter. Ransom Advisory Ltd bought a new position in Invesco QQQ during the first quarter valued at $70,000. Finally, Barrett & Company Inc. increased its position in Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.9%

Shares of NASDAQ QQQ opened at $613.62 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The business’s fifty day moving average price is $613.64 and its 200-day moving average price is $581.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ Profile

(Free Report)

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.

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