Bell Bank trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 57.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,162 shares of the exchange traded fund's stock after selling 237,498 shares during the quarter. Invesco QQQ makes up about 10.3% of Bell Bank's portfolio, making the stock its 2nd biggest holding. Bell Bank's holdings in Invesco QQQ were worth $87,444,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in QQQ. PBCay One RSC Ltd grew its stake in Invesco QQQ by 6.2% in the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund's stock valued at $166,504,000 after acquiring an additional 22,000 shares during the period. Russell Investments Group Ltd. grew its stake in Invesco QQQ by 140.6% in the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund's stock valued at $108,000 after acquiring an additional 142 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Invesco QQQ in the 1st quarter valued at $844,000. Brighton Jones LLC grew its stake in Invesco QQQ by 4.7% in the 1st quarter. Brighton Jones LLC now owns 29,285 shares of the exchange traded fund's stock valued at $13,003,000 after acquiring an additional 1,327 shares during the period. Finally, Great Lakes Retirement Inc. grew its stake in Invesco QQQ by 6.7% in the 1st quarter. Great Lakes Retirement Inc. now owns 6,925 shares of the exchange traded fund's stock valued at $3,075,000 after acquiring an additional 437 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Invesco QQQ stock traded down $3.56 during trading on Thursday, reaching $508.69. The company had a trading volume of 28,527,304 shares, compared to its average volume of 38,192,770. The firm's 50-day simple moving average is $487.42 and its 200 day simple moving average is $473.42. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.53%.
Invesco QQQ Company Profile
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Free Report)
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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