Invesco QQQ (NASDAQ:QQQ) is Peoples Bank KS’s 4th Largest Position

Peoples Bank KS raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.4% during the 3rd quarter, Holdings Channel reports. The firm owned 9,183 shares of the exchange traded fund’s stock after purchasing an additional 130 shares during the quarter. Invesco QQQ comprises 3.0% of Peoples Bank KS’s investment portfolio, making the stock its 4th biggest holding. Peoples Bank KS’s holdings in Invesco QQQ were worth $4,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Deane Retirement Strategies Inc. purchased a new position in shares of Invesco QQQ during the 1st quarter worth about $29,000. Mechanics Financial Corp acquired a new position in Invesco QQQ during the second quarter worth approximately $30,000. Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $35,000. Finally, Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth $40,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.2 %

Shares of QQQ traded up $5.73 during trading hours on Friday, hitting $487.32. The stock had a trading volume of 30,671,303 shares, compared to its average volume of 39,685,844. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The company’s fifty day simple moving average is $469.07 and its 200 day simple moving average is $461.18.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Monday, September 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.