Invesco QQQ $QQQ Shares Sold by Simmons Bank

Simmons Bank reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,190 shares of the exchange traded fund’s stock after selling 183 shares during the period. Invesco QQQ comprises approximately 1.1% of Simmons Bank’s holdings, making the stock its 18th largest holding. Simmons Bank’s holdings in Invesco QQQ were worth $16,102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 2nd quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ during the 2nd quarter worth $41,000. Blume Capital Management Inc. grew 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 buying an additional 2,536 shares during the last quarter. Moser Wealth Advisors LLC grew 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 buying an additional 93 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its stake 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 last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $619.25 on Wednesday. The stock has a fifty day moving average price of $598.87 and a 200 day moving average price of $557.15. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, September 22nd. This is an increase 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.