Invesco QQQ $QQQ Shares Purchased by City Holding Co.

Key Points

• City Holding Co. increased its holdings in Invesco QQQ by 13.4%, acquiring an additional 1,226 shares during the second quarter, bringing their total to 10,351 shares valued at approximately $5.71 million.
• Numerous hedge funds have also augmented their investments in Invesco QQQ, with Bright Jones LLC expanding its position by 15% and owning 38,348 shares worth $19.6 million.
• Invesco QQQ recently declared a quarterly dividend of $0.694 per share, up from its previous $0.59, with a resulting annualized dividend yield of 0.5%.

City Holding Co. boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,351 shares of the exchange traded fund's stock after purchasing an additional 1,226 shares during the quarter. City Holding Co.'s holdings in Invesco QQQ were worth $5,710,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of QQQ. Brighton Jones LLC grew its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Rothschild Investment LLC grew its position in shares of Invesco QQQ by 1.0% during the first quarter. Rothschild Investment LLC now owns 5,768 shares of the exchange traded fund's stock worth $2,705,000 after acquiring an additional 59 shares during the last quarter. Ables Iannone Moore & Associates Inc. grew its position in shares of Invesco QQQ by 14.2% during the first quarter. Ables Iannone Moore & Associates Inc. now owns 1,577 shares of the exchange traded fund's stock worth $740,000 after acquiring an additional 196 shares during the last quarter. Finally, Cerro Pacific Wealth Advisors LLC grew its position in shares of Invesco QQQ by 5.7% during the first quarter. Cerro Pacific Wealth Advisors LLC now owns 37,624 shares of the exchange traded fund's stock worth $19,234,000 after acquiring an additional 2,014 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $595.97 on Monday. The company's 50 day simple moving average is $576.04 and its 200-day simple moving average is $528.24. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $602.87.

Invesco QQQ Increases Dividend

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

About Invesco QQQ

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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