Commerce Bank Buys 3,280 Shares of Invesco QQQ (NASDAQ:QQQ)

Commerce Bank raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,127 shares of the exchange traded fund's stock after acquiring an additional 3,280 shares during the period. Commerce Bank's holdings in Invesco QQQ were worth $22,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. NWI Management LP increased its holdings in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC grew its position in shares of Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. Senator Investment Group LP purchased a new position in shares of Invesco QQQ during the fourth quarter valued at $679,936,000. Spear Holdings RSC Ltd bought a new stake in shares of Invesco QQQ in the first quarter valued at about $474,600,000. Finally, Asset Planning Services Inc. LA ADV lifted its stake in Invesco QQQ by 100,517.9% in the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after acquiring an additional 931,801 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $553.88 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $574.63. The company's 50-day simple moving average is $544.01 and its two-hundred day simple moving average is $510.73.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.

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