Norway Savings Bank Sells 178 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Norway Savings Bank reduced its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 64.7% during the third quarter, Holdings Channel reports. The fund owned 97 shares of the exchange traded fund’s stock after selling 178 shares during the period. Norway Savings Bank’s holdings in Invesco QQQ Trust were worth $27,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Country Club Trust Company n.a. grew its position in Invesco QQQ Trust by 88.7% during the second quarter. Country Club Trust Company n.a. now owns 4,275 shares of the exchange traded fund’s stock valued at $1,038,000 after acquiring an additional 2,010 shares during the last quarter. ProVise Management Group LLC boosted its stake in shares of Invesco QQQ Trust by 3.4% during the second quarter. ProVise Management Group LLC now owns 3,386 shares of the exchange traded fund’s stock valued at $838,000 after purchasing an additional 111 shares during the period. First National Corp MA ADV boosted its stake in shares of Invesco QQQ Trust by 23.5% during the second quarter. First National Corp MA ADV now owns 7,864 shares of the exchange traded fund’s stock valued at $1,947,000 after purchasing an additional 1,494 shares during the period. Financial Advisory Service Inc. boosted its stake in shares of Invesco QQQ Trust by 13.6% during the second quarter. Financial Advisory Service Inc. now owns 3,314 shares of the exchange traded fund’s stock valued at $821,000 after purchasing an additional 398 shares during the period. Finally, EWG Elevate Inc. boosted its stake in shares of Invesco QQQ Trust by 57.7% during the second quarter. EWG Elevate Inc. now owns 17,635 shares of the exchange traded fund’s stock valued at $4,366,000 after purchasing an additional 6,453 shares during the period. Institutional investors and hedge funds own 42.99% of the company’s stock.

Separately, ValuEngine lowered Invesco QQQ Trust from a “hold” rating to a “sell” rating in a research note on Thursday, July 2nd.

Shares of Invesco QQQ Trust stock opened at $288.51 on Friday. The business has a fifty day simple moving average of $279.70 and a two-hundred day simple moving average of $249.24. Invesco QQQ Trust has a 12 month low of $164.93 and a 12 month high of $303.50.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 22nd will be issued a dividend of $0.388 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.55 annualized dividend and a dividend yield of 0.54%.

Invesco QQQ Trust 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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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