Country Club Bank Raises Holdings in Invesco QQQ $QQQ

Country Club Bank increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 266.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,044 shares of the exchange traded fund’s stock after buying an additional 8,754 shares during the period. Country Club Bank’s holdings in Invesco QQQ were worth $7,211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of QQQ. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ in the 2nd quarter worth $30,000. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ in the second quarter valued at about $41,000. Moser Wealth Advisors LLC raised its holdings 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 worth $57,000 after purchasing an additional 93 shares in the last quarter. Ransom Advisory Ltd bought a new position in Invesco QQQ in the first quarter worth about $70,000. Finally, Barrett & Company Inc. lifted its position in shares of Invesco QQQ by 14.9% during the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $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 Performance

NASDAQ:QQQ opened at $600.41 on Thursday. The company’s 50-day simple moving average is $613.62 and its 200-day simple moving average is $582.45. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

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

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.