MidWestOne Financial Group Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 42.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,205 shares of the exchange traded fund's stock after selling 3,069 shares during the period. MidWestOne Financial Group Inc.'s holdings in Invesco QQQ were worth $2,015,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ during the second quarter worth $30,000. Deane Retirement Strategies Inc. purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at $29,000. Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund's stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter worth $35,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Down 0.6 %
NASDAQ:QQQ traded down $2.72 during mid-day trading on Friday, hitting $486.75. 22,851,120 shares of the company's stock traded hands, compared to its average volume of 34,750,716. The company has a fifty day moving average of $468.10 and a 200 day moving average of $459.96. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.56%.
Invesco QQQ Profile
(
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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