Bank of The West Acquires 695 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Bank of The West lifted its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 31.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,930 shares of the exchange traded fund’s stock after acquiring an additional 695 shares during the quarter. Bank of The West’s holdings in Invesco QQQ Trust were worth $1,038,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Affiance Financial LLC increased its position in Invesco QQQ Trust by 3.4% during the 2nd quarter. Affiance Financial LLC now owns 877 shares of the exchange traded fund’s stock valued at $311,000 after purchasing an additional 29 shares during the period. Black Diamond Financial LLC boosted its stake in shares of Invesco QQQ Trust by 1.8% during the 2nd quarter. Black Diamond Financial LLC now owns 1,648 shares of the exchange traded fund’s stock valued at $584,000 after purchasing an additional 29 shares in the last quarter. J. L. Bainbridge & Co. Inc. increased its position in shares of Invesco QQQ Trust by 2.0% during the second quarter. J. L. Bainbridge & Co. Inc. now owns 1,480 shares of the exchange traded fund’s stock valued at $525,000 after buying an additional 29 shares during the period. Souders Financial Advisors raised its stake in Invesco QQQ Trust by 3.5% in the second quarter. Souders Financial Advisors now owns 850 shares of the exchange traded fund’s stock worth $301,000 after buying an additional 29 shares in the last quarter. Finally, Welch Group LLC raised its stake in Invesco QQQ Trust by 1.4% in the second quarter. Welch Group LLC now owns 2,171 shares of the exchange traded fund’s stock worth $769,000 after buying an additional 30 shares in the last quarter. 44.18% of the stock is owned by institutional investors.

QQQ stock opened at $365.70 on Tuesday. Invesco QQQ Trust has a fifty-two week low of $260.11 and a fifty-two week high of $382.78. The business’s 50 day moving average price is $370.11 and its two-hundred day moving average price is $346.47.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Stockholders of record on Tuesday, September 21st will be paid a $0.414 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, September 20th. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.40.

Invesco QQQ Trust 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.

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

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