Invesco QQQ (NASDAQ:QQQ) Shares Acquired by OLD National Bancorp IN

OLD National Bancorp IN boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,140 shares of the exchange traded fund’s stock after acquiring an additional 249 shares during the period. OLD National Bancorp IN’s holdings in Invesco QQQ were worth $876,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Red Tortoise LLC grew its holdings in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares in the last quarter. Friedenthal Financial acquired a new position in Invesco QQQ during the 4th quarter worth $41,000. Bear Mountain Capital Inc. acquired a new position in Invesco QQQ during the 4th quarter worth $42,000. Core Wealth Advisors Inc. grew its holdings in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. grew its holdings in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 3,500 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.5 %

NASDAQ QQQ opened at $425.07 on Wednesday. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34. The company has a 50-day simple moving average of $437.20 and a 200-day simple moving average of $409.44.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, March 18th.

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.