WoodTrust Financial Corp Reduces Stock Position in Invesco QQQ (NASDAQ:QQQ)

WoodTrust Financial Corp lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 12.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,139 shares of the exchange traded fund’s stock after selling 713 shares during the quarter. WoodTrust Financial Corp’s holdings in Invesco QQQ were worth $2,508,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its stake in shares of Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares during the period. Bank Hapoalim BM increased its position in shares of Invesco QQQ by 5.5% in the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after acquiring an additional 6,347 shares in the last quarter. Socha Financial Group LLC raised its position in Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after purchasing an additional 1,153 shares during the period. SVB Wealth LLC lifted its position in Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares in the last quarter. Finally, WFA Asset Management Corp boosted its stake in shares of Invesco QQQ by 70.6% in the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after purchasing an additional 1,894 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.7 %

Shares of NASDAQ QQQ opened at $505.58 on Thursday. Invesco QQQ has a 1 year low of $369.05 and a 1 year high of $506.41. The stock’s 50-day simple moving average is $483.00 and its 200-day simple moving average is $470.34.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, September 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.