Commerce Bank Purchases 2,898 Shares of Invesco QQQ (NASDAQ:QQQ)

Commerce Bank boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,796 shares of the exchange traded fund's stock after acquiring an additional 2,898 shares during the quarter. Commerce Bank's holdings in Invesco QQQ were worth $21,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of QQQ. Northwest Bancshares Inc. purchased a new position in Invesco QQQ during the third quarter valued at $1,915,000. Strategy Asset Managers LLC raised its stake in Invesco QQQ by 22.0% during the third quarter. Strategy Asset Managers LLC now owns 12,991 shares of the exchange traded fund's stock valued at $6,340,000 after buying an additional 2,339 shares during the last quarter. Roger Wittlin Investment Advisory LLC boosted its holdings in Invesco QQQ by 1.3% in the third quarter. Roger Wittlin Investment Advisory LLC now owns 13,470 shares of the exchange traded fund's stock worth $6,574,000 after acquiring an additional 172 shares in the last quarter. Gemsstock Ltd. bought a new position in shares of Invesco QQQ during the third quarter valued at $39,094,000. Finally, Kraft Davis & Associates LLC raised its position in shares of Invesco QQQ by 4.6% in the 3rd quarter. Kraft Davis & Associates LLC now owns 6,079 shares of the exchange traded fund's stock worth $2,949,000 after purchasing an additional 268 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $503.17 on Thursday. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58. The stock has a fifty day simple moving average of $491.83 and a two-hundred day simple moving average of $476.02.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%.

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.