Busey Bank Buys 1,063 Shares of Invesco QQQ $QQQ

Busey Bank increased its stake in Invesco QQQ (NASDAQ:QQQ) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,043 shares of the exchange traded fund’s stock after acquiring an additional 1,063 shares during the period. Busey Bank’s holdings in Invesco QQQ were worth $6,951,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Goodman Advisory Group LLC purchased a new stake in shares of Invesco QQQ during the third quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ during the 4th quarter valued at approximately $25,000. Shcp LLC purchased a new stake in Invesco QQQ in the third quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 43 shares during the period. Finally, Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $29,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.1%

NASDAQ:QQQ opened at $713.61 on Monday. Invesco QQQ has a 1-year low of $549.58 and a 1-year high of $748.65. The firm’s 50-day moving average price is $712.54 and its 200-day moving average price is $646.51.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be issued a $0.8135 dividend. This represents a $3.25 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Monday, June 22nd.

Trending Headlines about Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Weaker-than-expected June jobs data helped cool rate-hike fears, which is generally supportive for growth stocks and the Nasdaq-100 holdings that dominate QQQ. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Market commentary says the Nasdaq sell-off may have created a buying opportunity for QQQ after a weak first half for some of America’s biggest growth names. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Reports that stocks and Nasdaq futures were holding up ahead of the payroll release suggest investors remain willing to stay in or add to large-cap tech exposure through QQQ. S&P 500, Nasdaq Futures Climb While Dow Futures Fall Ahead Of Key Jobs Report: META, MU, JACK, CEG Stocks In Focus

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.