BankPlus Trust Department Acquires 1,406 Shares of Invesco QQQ $QQQ

Key Points

• BankPlus Trust Department increased its holdings in Invesco QQQ by 22.9% in the second quarter, acquiring an additional 1,406 shares to reach a total of 7,558 shares, which are valued at approximately $4,169,000.
• The company announced a quarterly dividend payment of $0.694 per share, which represents an increase from the previous $0.59 dividend, and will have an annualized yield of 0.5%.
• Invesco QQQ's shares are currently trading at $611.44, with a twelve-month high of $611.75 and a low of $402.39.

BankPlus Trust Department raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,558 shares of the exchange traded fund's stock after acquiring an additional 1,406 shares during the quarter. Invesco QQQ makes up 1.2% of BankPlus Trust Department's holdings, making the stock its 11th largest holding. BankPlus Trust Department's holdings in Invesco QQQ were worth $4,169,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of QQQ. GSG Advisors LLC lifted its holdings in shares of Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after buying an additional 585 shares during the period. Amundi lifted its holdings in shares of Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock worth $49,980,000 after buying an additional 6,600 shares during the period. Jackson Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock worth $9,428,000 after buying an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. lifted its holdings in shares of Invesco QQQ by 8.4% in the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock worth $3,649,000 after buying an additional 605 shares during the period. Finally, AM Investment Strategies LLC lifted its holdings in shares of Invesco QQQ by 46.5% in the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund's stock worth $904,000 after buying an additional 612 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.1%

Shares of QQQ stock opened at $611.44 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $611.75. The stock has a fifty day simple moving average of $582.26 and a two-hundred day simple moving average of $534.45.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59.

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.

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