German American Bancorp Inc. Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

German American Bancorp Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,730 shares of the exchange traded fund’s stock after purchasing an additional 202 shares during the period. German American Bancorp Inc.’s holdings in Invesco QQQ were worth $1,907,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC increased its position in shares of Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the period. Strategic Financial Concepts LLC boosted its position in Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock worth $1,593,354,000 after buying an additional 27,115 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in Invesco QQQ by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock worth $1,239,886,000 after buying an additional 52,235 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $423.69 on Tuesday. The firm’s fifty day simple moving average is $499.65 and its 200-day simple moving average is $504.39. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company has a market capitalization of $268.53 billion, a P/E ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.