Webster Bank N. A. acquired a new position in shares of Invesco QQQ Trust (NASDAQ:QQQ) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,576 shares of the exchange traded fund’s stock, valued at approximately $479,000.
Several other large investors also recently modified their holdings of QQQ. Private Capital Advisors Inc. acquired a new stake in Invesco QQQ Trust in the 3rd quarter valued at $1,008,000. Berkshire Asset Management LLC PA acquired a new stake in Invesco QQQ Trust in the 3rd quarter valued at $281,000. Tower View Investment Management & Research LLC acquired a new stake in Invesco QQQ Trust in the 3rd quarter valued at $569,000. Pittenger & Anderson Inc. increased its stake in Invesco QQQ Trust by 6.5% in the 3rd quarter. Pittenger & Anderson Inc. now owns 191,648 shares of the exchange traded fund’s stock valued at $35,606,000 after buying an additional 11,648 shares during the last quarter. Finally, BLB&B Advisors LLC increased its stake in Invesco QQQ Trust by 20.6% in the 3rd quarter. BLB&B Advisors LLC now owns 2,828 shares of the exchange traded fund’s stock valued at $525,000 after buying an additional 484 shares during the last quarter. Institutional investors and hedge funds own 39.00% of the company’s stock.
Shares of QQQ stock opened at $174.32 on Friday. Invesco QQQ Trust has a 1 year low of $146.33 and a 1 year high of $187.53.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Tuesday, September 25th will be given a $0.3298 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, September 24th.
About Invesco QQQ Trust
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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