Webster Bank N. A. Sells 1,708 Shares of Invesco QQQ (NASDAQ:QQQ)

Webster Bank N. A. cut its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,924 shares of the exchange traded fund’s stock after selling 1,708 shares during the quarter. Webster Bank N. A.’s holdings in Invesco QQQ were worth $4,883,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Barclays PLC grew its position in Invesco QQQ by 113.5% in the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after acquiring an additional 48,423,350 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after purchasing an additional 43,463,232 shares in the last quarter. Morgan Stanley grew its holdings in shares of Invesco QQQ by 10.0% during the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after purchasing an additional 1,533,114 shares during the last quarter. MML Investors Services LLC bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at approximately $298,069,000. Finally, Granite Bay Wealth Management LLC increased its position in Invesco QQQ by 2,372.7% during the 3rd quarter. Granite Bay Wealth Management LLC now owns 804,357 shares of the exchange traded fund’s stock worth $298,345,000 after purchasing an additional 771,827 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $441.11 on Wednesday. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34. The business’s fifty day moving average is $435.73 and its 200 day moving average is $401.79.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

About Invesco QQQ

(Free Report)

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.

Further Reading

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

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