Invesco QQQ $QQQ Shares Sold by Peoples Bank OH

Peoples Bank OH cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,254 shares of the exchange traded fund’s stock after selling 151 shares during the period. Peoples Bank OH’s holdings in Invesco QQQ were worth $692,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Pflug Koory LLC grew its stake in shares of Invesco QQQ by 100.9% during the second quarter. Pflug Koory LLC now owns 221 shares of the exchange traded fund’s stock valued at $122,000 after acquiring an additional 111 shares in the last quarter. NTV Asset Management LLC grew its stake in shares of Invesco QQQ by 2.1% during the second quarter. NTV Asset Management LLC now owns 83,231 shares of the exchange traded fund’s stock valued at $45,914,000 after acquiring an additional 1,734 shares in the last quarter. ZWJ Investment Counsel Inc. grew its stake in shares of Invesco QQQ by 8.4% during the second quarter. ZWJ Investment Counsel Inc. now owns 1,608 shares of the exchange traded fund’s stock valued at $887,000 after acquiring an additional 125 shares in the last quarter. Successful Portfolios LLC grew its stake in shares of Invesco QQQ by 21.9% during the second quarter. Successful Portfolios LLC now owns 668 shares of the exchange traded fund’s stock valued at $368,000 after acquiring an additional 120 shares in the last quarter. Finally, Grassi Investment Management grew its stake in shares of Invesco QQQ by 0.7% during the second quarter. Grassi Investment Management now owns 11,346 shares of the exchange traded fund’s stock valued at $6,259,000 after acquiring an additional 82 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.4%

Shares of QQQ stock opened at $603.18 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $607.33. The company’s 50-day simple moving average is $579.85 and its 200-day simple moving average is $532.17.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend 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.