West Bancorporation Inc. Increases Stock Holdings in Invesco QQQ $QQQ

West Bancorporation Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 224.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,403 shares of the exchange traded fund’s stock after buying an additional 2,353 shares during the period. Invesco QQQ makes up 1.1% of West Bancorporation Inc.’s holdings, making the stock its 21st largest position. West Bancorporation Inc.’s holdings in Invesco QQQ were worth $2,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Brighton Jones LLC increased its stake in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the period. Great Lakes Advisors LLC grew its holdings in shares of Invesco QQQ by 50.5% during the first quarter. Great Lakes Advisors LLC now owns 4,558 shares of the exchange traded fund’s stock valued at $2,137,000 after buying an additional 1,530 shares during the last quarter. Ascent Group LLC increased its position in shares of Invesco QQQ by 10.9% in the 1st quarter. Ascent Group LLC now owns 1,566 shares of the exchange traded fund’s stock valued at $735,000 after acquiring an additional 154 shares during the period. Finally, Anchor Investment Management LLC increased its position in shares of Invesco QQQ by 1.7% in the 1st quarter. Anchor Investment Management LLC now owns 41,755 shares of the exchange traded fund’s stock valued at $19,580,000 after acquiring an additional 680 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $624.19 on Thursday. The business has a fifty day moving average of $616.15 and a 200 day moving average of $591.86. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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