OLD National Bancorp IN Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

OLD National Bancorp IN increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,140 shares of the exchange traded fund’s stock after buying an additional 249 shares during the quarter. OLD National Bancorp IN’s holdings in Invesco QQQ were worth $876,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Red Tortoise LLC raised its position in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares during the period. Friedenthal Financial purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $41,000. Bear Mountain Capital Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $42,000. Core Wealth Advisors Inc. raised its position in shares of Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares during the period. Finally, Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 3,500 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5 %

QQQ stock opened at $425.07 on Wednesday. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34. The firm’s 50 day moving average price is $437.20 and its 200-day moving average price is $409.44.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

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.