Invesco QQQ (NASDAQ:QQQ) Stake Increased by L & S Advisors Inc

L & S Advisors Inc grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,191 shares of the exchange traded fund’s stock after purchasing an additional 38 shares during the period. L & S Advisors Inc’s holdings in Invesco QQQ were worth $1,069,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Smithfield Trust Co raised its holdings in shares of Invesco QQQ by 15.3% during the third quarter. Smithfield Trust Co now owns 84,239 shares of the exchange traded fund’s stock worth $40,991,000 after acquiring an additional 11,161 shares in the last quarter. Blackhawk Capital Partners LLC. raised its holdings in shares of Invesco QQQ by 53.8% during the third quarter. Blackhawk Capital Partners LLC. now owns 869 shares of the exchange traded fund’s stock worth $424,000 after acquiring an additional 304 shares in the last quarter. German American Bancorp Inc. raised its holdings in shares of Invesco QQQ by 13.7% during the third quarter. German American Bancorp Inc. now owns 3,528 shares of the exchange traded fund’s stock worth $1,722,000 after acquiring an additional 424 shares in the last quarter. STAR Financial Bank purchased a new stake in shares of Invesco QQQ during the third quarter worth $3,473,000. Finally, Cypress Capital Group raised its holdings in shares of Invesco QQQ by 1.7% during the third quarter. Cypress Capital Group now owns 23,378 shares of the exchange traded fund’s stock worth $11,410,000 after acquiring an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $505.17 on Friday. Invesco QQQ has a fifty-two week low of $382.66 and a fifty-two week high of $515.58. The stock’s 50-day moving average is $492.47 and its two-hundred day moving average is $476.22.

Invesco QQQ Cuts Dividend

The business also recently announced 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. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.54%.

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.