Busey Bank Raises Position in Invesco QQQ $QQQ

Busey Bank increased its stake in Invesco QQQ (NASDAQ:QQQ) by 9.7% during the first quarter, Holdings Channel.com reports. The firm owned 12,043 shares of the exchange traded fund’s stock after purchasing an additional 1,063 shares during the quarter. Busey Bank’s holdings in Invesco QQQ were worth $6,951,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of QQQ. Corient Private Wealth LLC raised its stake in shares of Invesco QQQ by 3,567.7% in the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after buying an additional 20,852,432 shares during the period. Bank of America Corp DE raised its stake in Invesco QQQ by 381.0% during the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after acquiring an additional 26,505,055 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco QQQ by 11.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock valued at $2,179,321,000 after purchasing an additional 375,581 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Invesco QQQ by 21.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock valued at $1,858,288,000 after purchasing an additional 534,000 shares in the last quarter. Finally, Analyst IMS Investment Management Services Ltd. boosted its position in shares of Invesco QQQ by 68.6% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after purchasing an additional 712,026 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ News Summary

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

• Positive Sentiment: Weaker-than-expected June jobs data helped cool rate-hike fears, which is generally supportive for growth stocks and the Nasdaq-100 holdings that dominate QQQ. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Market commentary says the Nasdaq sell-off may have created a buying opportunity for QQQ after a weak first half for some of America’s biggest growth names. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Reports that stocks and Nasdaq futures were holding up ahead of the payroll release suggest investors remain willing to stay in or add to large-cap tech exposure through QQQ. S&P 500, Nasdaq Futures Climb While Dow Futures Fall Ahead Of Key Jobs Report: META, MU, JACK, CEG Stocks In Focus

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $713.61 on Monday. The firm has a fifty day moving average price of $712.54 and a 200-day moving average price of $646.51. Invesco QQQ has a 1 year low of $549.58 and a 1 year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be issued a $0.8135 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $3.25 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

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.