Invesco QQQ (NASDAQ:QQQ) Shares Bought by Bell Bank

Bell Bank raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 112.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 381,080 shares of the exchange traded fund’s stock after buying an additional 201,918 shares during the period. Invesco QQQ accounts for about 14.5% of Bell Bank’s portfolio, making the stock its 2nd largest holding. Bell Bank’s holdings in Invesco QQQ were worth $194,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. PayPay Securities Corp boosted its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. Finally, BNP Paribas bought a new position in shares of Invesco QQQ in the 3rd quarter valued at $62,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $526.08 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The company’s 50 day moving average price is $523.39 and its two-hundred day moving average price is $500.70.

Invesco QQQ Announces Dividend

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

About Invesco QQQ

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.