12,095 Shares in Invesco QQQ $QQQ Acquired by Midwest Trust Co

Midwest Trust Co acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 12,095 shares of the exchange traded fund’s stock, valued at approximately $6,672,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. 1ST Source Bank lifted its holdings in Invesco QQQ by 3.6% in the 2nd quarter. 1ST Source Bank now owns 4,995 shares of the exchange traded fund’s stock worth $2,755,000 after purchasing an additional 173 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Invesco QQQ by 1.3% during the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 31,214 shares of the exchange traded fund’s stock worth $17,219,000 after buying an additional 408 shares during the period. RWA Wealth Partners LLC grew its stake in Invesco QQQ by 197.9% in the 2nd quarter. RWA Wealth Partners LLC now owns 71,028 shares of the exchange traded fund’s stock valued at $39,182,000 after buying an additional 47,188 shares during the last quarter. Decker Retirement Planning Inc. raised its holdings in Invesco QQQ by 358,666.7% in the 2nd quarter. Decker Retirement Planning Inc. now owns 10,763 shares of the exchange traded fund’s stock worth $5,937,000 after acquiring an additional 10,760 shares during the period. Finally, Disciplined Investors L.L.C. lifted its position in Invesco QQQ by 13.9% during the 2nd quarter. Disciplined Investors L.L.C. now owns 772 shares of the exchange traded fund’s stock worth $426,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $609.74 on Monday. The company has a 50-day moving average of $601.34 and a two-hundred day moving average of $560.76. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.