Stock Yards Bank & Trust Co. Lowers Position in Invesco QQQ (NASDAQ:QQQ)

Stock Yards Bank & Trust Co. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,782 shares of the exchange traded fund’s stock after selling 1,360 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Invesco QQQ were worth $6,023,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Hoese & Co LLP grew its position in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas purchased a new stake in Invesco QQQ in the 3rd quarter worth $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ in the 4th quarter worth $69,000. Finally, Pacifica Partners Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter worth about $73,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.1 %

Shares of NASDAQ:QQQ opened at $522.29 on Monday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The firm’s 50-day moving average is $519.55 and its 200 day moving average is $494.12.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.