1ST Source Bank Has $2.31 Million Position in Invesco QQQ (NASDAQ:QQQ)

1ST Source Bank increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,738 shares of the exchange traded fund’s stock after acquiring an additional 38 shares during the period. 1ST Source Bank’s holdings in Invesco QQQ were worth $2,312,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in QQQ. International Assets Investment Management LLC raised its position in shares of Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of Invesco QQQ by 18,691.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC boosted its position in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares in the last quarter. Toronto Dominion Bank grew its holdings in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the period. Finally, Mirae Asset Securities USA Inc. purchased a new position in Invesco QQQ during the second quarter valued at $215,600,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $2.94 during trading hours on Friday, hitting $529.44. The company’s stock had a trading volume of 9,599,155 shares, compared to its average volume of 37,118,438. The company’s 50 day simple moving average is $502.92 and its two-hundred day simple moving average is $483.29. Invesco QQQ has a 12 month low of $395.34 and a 12 month high of $533.17.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, September 23rd.

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.