Invesco QQQ (NASDAQ:QQQ) Position Lifted by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,027 shares of the exchange traded fund’s stock after purchasing an additional 709 shares during the period. Invesco QQQ accounts for about 2.4% of Penobscot Investment Management Company Inc.’s holdings, making the stock its 4th biggest holding. Penobscot Investment Management Company Inc.’s holdings in Invesco QQQ were worth $14,787,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of QQQ. Barrett & Company Inc. purchased a new position in shares of Invesco QQQ during the 1st quarter worth $26,000. Cascade Investment Advisors Inc. purchased a new position in Invesco QQQ during the first quarter worth about $28,000. Avalon Trust Co acquired a new stake in shares of Invesco QQQ during the second quarter valued at about $28,000. Aspire Private Capital LLC raised its stake in shares of Invesco QQQ by 88.1% in the 2nd quarter. Aspire Private Capital LLC now owns 79 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 37 shares during the period. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $30,000. 43.95% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.3 %

Invesco QQQ stock traded up $1.07 during trading on Wednesday, hitting $386.40. The company had a trading volume of 9,611,251 shares, compared to its average volume of 53,559,844. Invesco QQQ has a 1-year low of $259.73 and a 1-year high of $387.98. The company’s 50 day simple moving average is $364.44 and its 200-day simple moving average is $361.89.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th were paid a $0.5389 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.56%.

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.