Webster Bank N. A. Invests $479,000 in Invesco QQQ Trust (QQQ) Stock

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Webster Bank N. A. acquired a new stake in Invesco QQQ Trust (NASDAQ:QQQ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,576 shares of the exchange traded fund’s stock, valued at approximately $479,000.

A number of other hedge funds have also made changes to their positions in QQQ. Signature Estate & Investment Advisors LLC acquired a new stake in Invesco QQQ Trust in the second quarter worth $104,000. Providence Capital Advisors LLC raised its holdings in Invesco QQQ Trust by 487.4% in the second quarter. Providence Capital Advisors LLC now owns 605 shares of the exchange traded fund’s stock worth $104,000 after purchasing an additional 502 shares during the period. Opera Trading Capital acquired a new stake in Invesco QQQ Trust in the second quarter worth $112,000. Quad Cities Investment Group LLC acquired a new stake in Invesco QQQ Trust in the second quarter worth $128,000. Finally, MinichMacGregor Wealth Management LLC acquired a new stake in Invesco QQQ Trust in the second quarter worth $143,000. 39.00% of the stock is currently owned by hedge funds and other institutional investors.

QQQ opened at $174.32 on Friday. Invesco QQQ Trust has a twelve month low of $146.33 and a twelve month high of $187.53.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, September 25th will be issued a $0.3298 dividend. The ex-dividend date of this dividend is Monday, September 24th. This represents a $1.32 annualized dividend and a yield of 0.76%.

Invesco QQQ Trust 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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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