Invesco QQQ $QQQ Shares Acquired by OLD National Bancorp IN

Key Points

• OLD National Bancorp IN increased its holdings in Invesco QQQ by 663.8% during the second quarter, owning 30,828 shares valued at $17 million after purchasing an additional 26,792 shares.
• Dividend Increase: Invesco QQQ announced a quarterly dividend of $0.694, an increase from the previous $0.59, representing an annualized yield of 0.5% for investors of record as of September 22nd.
• Significant investments from major firms like Kingstone Capital Partners, which boosted its stake by 704,593.7%, and Goldman Sachs, which increased its holdings by 959.6%, reflect growing institutional interest in Invesco QQQ.

OLD National Bancorp IN boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 663.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,828 shares of the exchange traded fund's stock after purchasing an additional 26,792 shares during the quarter. OLD National Bancorp IN's holdings in Invesco QQQ were worth $17,006,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund's stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. acquired a new position in shares of Invesco QQQ during the 1st quarter worth approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco QQQ by 1.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund's stock valued at $1,501,063,000 after buying an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock valued at $1,163,036,000 after buying an additional 54,944 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $603.18 on Monday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $607.33. The stock has a fifty day moving average of $579.85 and a two-hundred day moving average of $532.54.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change 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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