Iowa State Bank Sells 155 Shares of Invesco QQQ (NASDAQ:QQQ)

Iowa State Bank reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,620 shares of the exchange traded fund’s stock after selling 155 shares during the period. Iowa State Bank’s holdings in Invesco QQQ were worth $828,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Bridge LLC grew its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the period. BNP Paribas bought a new stake in Invesco QQQ in the third quarter worth approximately $62,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. Providence Capital Advisors LLC acquired a new position in Invesco QQQ in the second quarter valued at approximately $76,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $91,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.2 %

NASDAQ:QQQ traded up $6.22 during trading hours on Monday, reaching $524.80. The company had a trading volume of 20,156,777 shares, compared to its average volume of 28,010,592. Invesco QQQ has a twelve month low of $397.84 and a twelve month high of $539.15. The business’s 50-day simple moving average is $512.63 and its two-hundred day simple moving average is $489.84.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.