Stock Yards Bank & Trust Co. Sells 101 Shares of Invesco QQQ (NASDAQ:QQQ)

Stock Yards Bank & Trust Co. decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,844 shares of the exchange traded fund’s stock after selling 101 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Invesco QQQ were worth $6,633,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ during the first quarter worth approximately $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ in the first quarter valued at about $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at approximately $30,000. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new stake in Invesco QQQ during the 4th quarter worth $35,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4 %

Invesco QQQ stock opened at $473.24 on Tuesday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business has a 50 day moving average of $469.61 and a 200-day moving average of $457.60.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were issued a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th.

Invesco QQQ 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.