Crews Bank & Trust Has $5.89 Million Holdings in Invesco QQQ $QQQ

Crews Bank & Trust lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the second quarter, HoldingsChannel reports. The fund owned 10,669 shares of the exchange traded fund’s stock after selling 38 shares during the quarter. Invesco QQQ accounts for about 0.9% of Crews Bank & Trust’s investment portfolio, making the stock its 22nd biggest holding. Crews Bank & Trust’s holdings in Invesco QQQ were worth $5,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. GSG Advisors LLC increased its stake in Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after buying an additional 585 shares during the last quarter. Amundi increased its stake in Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after buying an additional 6,600 shares during the last quarter. Jackson Wealth Management LLC increased its stake in Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock valued at $9,428,000 after buying an additional 1,586 shares during the last quarter. Greykasell Wealth Strategies Inc. increased its stake in Invesco QQQ by 8.4% in the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after buying an additional 605 shares during the last quarter. Finally, AM Investment Strategies LLC increased its stake in Invesco QQQ by 46.5% in the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after buying an additional 612 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4%

NASDAQ:QQQ opened at $603.18 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $607.33. The firm has a 50-day moving average price of $579.85 and a two-hundred day moving average price of $531.81.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase 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.