1ST Source Bank Buys 173 Shares of Invesco QQQ $QQQ

1ST Source Bank raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,995 shares of the exchange traded fund’s stock after buying an additional 173 shares during the quarter. 1ST Source Bank’s holdings in Invesco QQQ were worth $2,755,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Morgan Dempsey Capital Management LLC bought a new stake in shares of Invesco QQQ in the second quarter worth about $30,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at approximately $41,000. Blume Capital Management Inc. increased its stake in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares in the last quarter. Moser Wealth Advisors LLC increased its stake in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC raised its holdings in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.3%

Invesco QQQ stock opened at $609.74 on Friday. The company has a 50 day moving average of $601.34 and a 200-day moving average of $560.02. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

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

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.