Iowa State Bank Reduces Stake in Invesco QQQ (NASDAQ:QQQ)

Iowa State Bank lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,620 shares of the exchange traded fund’s stock after selling 155 shares during the period. Iowa State Bank’s holdings in Invesco QQQ were worth $828,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of QQQ. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas purchased a new stake in Invesco QQQ in the 3rd quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares during the last quarter. Providence Capital Advisors LLC bought a new stake in Invesco QQQ in the 2nd quarter valued at about $76,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Invesco QQQ during the third quarter valued at about $91,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $6.22 during trading on Monday, reaching $524.80. 20,156,777 shares of the company’s stock traded hands, compared to its average volume of 28,010,592. The firm’s 50-day moving average is $512.63 and its 200 day moving average is $489.84. Invesco QQQ has a 1 year low of $397.84 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.