Peoples Bank OH Cuts Holdings in Invesco QQQ $QQQ

Peoples Bank OH reduced its position in Invesco QQQ (NASDAQ:QQQ) by 10.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,254 shares of the exchange traded fund’s stock after selling 151 shares during the quarter. Peoples Bank OH’s holdings in Invesco QQQ were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in QQQ. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ in the second quarter valued at about $41,000. Alpine Bank Wealth Management purchased a new position in Invesco QQQ in the first quarter valued at about $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ in the first quarter valued at about $51,000. Blume Capital Management Inc. raised its position in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC raised its position in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $603.18 on Friday. The business’s 50-day moving average is $579.85 and its two-hundred day moving average is $532.17. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $607.33.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd.

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.