Webster Bank N. A. Sells 199 Shares of Invesco QQQ (NASDAQ:QQQ)

Webster Bank N. A. cut its stake in Invesco QQQ (NASDAQ:QQQ) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,734 shares of the exchange traded fund’s stock after selling 199 shares during the quarter. Webster Bank N. A.’s holdings in Invesco QQQ were worth $6,510,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hoese & Co LLP grew its position in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC grew its position in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the period. BNP Paribas purchased a new stake in shares of Invesco QQQ in the 3rd quarter worth about $62,000. Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $69,000. Finally, Pacifica Partners Inc. purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $73,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 3.0 %

NASDAQ:QQQ opened at $513.93 on Tuesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The firm’s 50-day moving average price is $517.86 and its 200-day moving average price is $493.21.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.