Stock Yards Bank & Trust Co. Sells 101 Shares of Invesco QQQ (NASDAQ:QQQ)

Stock Yards Bank & Trust Co. reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,844 shares of the exchange traded fund’s stock after selling 101 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Invesco QQQ were worth $6,633,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capstone Wealth Management Group LLC increased its stake in Invesco QQQ by 2.2% in the 2nd quarter. Capstone Wealth Management Group LLC now owns 13,393 shares of the exchange traded fund’s stock valued at $6,417,000 after buying an additional 286 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of Invesco QQQ by 5.2% in the 2nd quarter. Moors & Cabot Inc. now owns 22,618 shares of the exchange traded fund’s stock valued at $10,837,000 after acquiring an additional 1,123 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Invesco QQQ by 892.6% in the second quarter. Citizens Financial Group Inc. RI now owns 92,747 shares of the exchange traded fund’s stock valued at $44,436,000 after acquiring an additional 83,403 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Invesco QQQ by 0.8% during the second quarter. Mesirow Financial Investment Management Inc. now owns 24,705 shares of the exchange traded fund’s stock worth $11,845,000 after acquiring an additional 191 shares in the last quarter. Finally, One Capital Management LLC raised its holdings in Invesco QQQ by 4.7% during the second quarter. One Capital Management LLC now owns 180,821 shares of the exchange traded fund’s stock worth $86,633,000 after acquiring an additional 8,160 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $473.24 on Tuesday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The business has a 50 day moving average price of $469.61 and a two-hundred day moving average price of $457.60.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were given a dividend of $0.7615 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Monday, June 24th.

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.