Independence Bank of Kentucky Buys 499 Shares of Invesco QQQ $QQQ

Key Points

• Independence Bank of Kentucky has increased its stake in Invesco QQQ by 7.2%, owning a total of 7,462 shares worth approximately $4.1 million after purchasing an additional 499 shares.
• Invesco QQQ recently announced a quarterly dividend of $0.694 per share, up from the previous dividend of $0.59, which represents an annual yield of 0.5%.
• The stock has seen a 52-week range with a low of $402.39 and a high of $602.87, and it opened at $595.97 on the latest trading day.

Independence Bank of Kentucky increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,462 shares of the exchange traded fund's stock after purchasing an additional 499 shares during the quarter. Independence Bank of Kentucky's holdings in Invesco QQQ were worth $4,116,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of QQQ. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the 2nd quarter valued at approximately $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $51,000. Blume Capital Management Inc. boosted its holdings in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC boosted its holdings in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after acquiring an additional 120 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ opened at $595.97 on Monday. The business has a fifty day moving average of $576.04 and a 200 day moving average of $528.24. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $602.87.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.

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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