German American Bancorp Inc. Sells 2,095 Shares of Invesco QQQ $QQQ

German American Bancorp Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 35.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,735 shares of the exchange traded fund’s stock after selling 2,095 shares during the quarter. German American Bancorp Inc.’s holdings in Invesco QQQ were worth $2,060,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC lifted its position in Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares during the period. 1832 Asset Management L.P. raised its stake in Invesco QQQ by 100.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock valued at $1,167,000 after buying an additional 40,999,982 shares during the last quarter. Symphony Financial Ltd. Co. bought a new position in shares of Invesco QQQ during the 2nd quarter valued at $1,236,482,000. JPMorgan Chase & Co. boosted its stake in shares of Invesco QQQ by 42.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after buying an additional 1,457,109 shares during the last quarter. Finally, Altimeter Capital Management LP bought a new stake in shares of Invesco QQQ in the first quarter worth $463,293,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4%

Invesco QQQ stock opened at $627.61 on Thursday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The stock has a fifty day moving average of $613.03 and a 200 day moving average of $579.12.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were paid a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.4%.

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.