1,225 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by West Bancorporation Inc.

West Bancorporation Inc. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,225 shares of the exchange traded fund’s stock, valued at approximately $598,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Montz Harcus Wealth Management LLC boosted its stake in Invesco QQQ by 2.2% in the 3rd quarter. Montz Harcus Wealth Management LLC now owns 8,471 shares of the exchange traded fund’s stock worth $4,134,000 after buying an additional 181 shares during the last quarter. Park Edge Advisors LLC boosted its stake in Invesco QQQ by 31.2% in the 3rd quarter. Park Edge Advisors LLC now owns 3,085 shares of the exchange traded fund’s stock worth $1,506,000 after buying an additional 733 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in Invesco QQQ by 0.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 111,222 shares of the exchange traded fund’s stock worth $54,284,000 after buying an additional 311 shares during the last quarter. Ellis Investment Partners LLC boosted its stake in Invesco QQQ by 5.4% in the 3rd quarter. Ellis Investment Partners LLC now owns 45,514 shares of the exchange traded fund’s stock worth $22,214,000 after buying an additional 2,349 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Invesco QQQ by 6.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 29,395 shares of the exchange traded fund’s stock valued at $14,347,000 after purchasing an additional 1,845 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $3.00 during midday trading on Friday, hitting $495.32. The stock had a trading volume of 38,762,143 shares, compared to its average volume of 38,829,707. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The company has a fifty day moving average price of $480.51 and a 200 day moving average price of $466.85.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

Invesco QQQ Company 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.