Invesco QQQ (NASDAQ:QQQ) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its position in Invesco QQQ (NASDAQ:QQQ) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,142 shares of the exchange traded fund’s stock after selling 702 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Invesco QQQ were worth $6,414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Invesco QQQ by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after buying an additional 832 shares during the last quarter. Lantz Financial LLC acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $214,000. Archford Capital Strategies LLC lifted its holdings in shares of Invesco QQQ by 277.1% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,980 shares of the exchange traded fund’s stock worth $949,000 after purchasing an additional 1,455 shares during the last quarter. ERn Financial LLC boosted its position in Invesco QQQ by 12.8% during the 2nd quarter. ERn Financial LLC now owns 661 shares of the exchange traded fund’s stock valued at $317,000 after purchasing an additional 75 shares during the period. Finally, Home Federal Bank of Tennessee grew its stake in Invesco QQQ by 2.8% during the 2nd quarter. Home Federal Bank of Tennessee now owns 4,690 shares of the exchange traded fund’s stock worth $2,247,000 after buying an additional 127 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.8 %

Shares of NASDAQ QQQ opened at $529.92 on Thursday. Invesco QQQ has a 1-year low of $394.41 and a 1-year high of $530.61. The business’s fifty day moving average price is $502.02 and its two-hundred day moving average price is $482.98.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.51%.

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.