Invesco QQQ $QQQ Stock Position Increased by Bell Bank

Bell Bank increased its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 353,558 shares of the exchange traded fund’s stock after acquiring an additional 3,431 shares during the period. Invesco QQQ makes up about 9.3% of Bell Bank’s holdings, making the stock its 4th largest holding. Bell Bank owned approximately 0.05% of Invesco QQQ worth $217,194,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Goodman Advisory Group LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter worth $25,000. Shcp LLC purchased a new stake in Invesco QQQ in the 3rd quarter valued at about $27,000. Navigoe LLC lifted its position in Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 45 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Invesco QQQ in the third quarter valued at about $40,000. Finally, PayPay Securities Corp boosted its stake in Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.0%

Shares of QQQ opened at $562.58 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The firm has a 50-day simple moving average of $606.07 and a two-hundred day simple moving average of $609.61.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.7328 dividend. This represents a $2.93 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, March 23rd.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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