Invesco QQQ (NASDAQ:QQQ) Holdings Raised by First American Trust FSB

First American Trust FSB increased its stake in Invesco QQQ (NASDAQ:QQQ) by 23.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,571 shares of the exchange traded fund’s stock after purchasing an additional 689 shares during the quarter. First American Trust FSB’s holdings in Invesco QQQ were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. PayPay Securities Corp lifted its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at $37,000. Hoese & Co LLP raised its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $51,000. Finally, Creative Capital Management Investments LLC boosted its position in Invesco QQQ by 740.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $490.66 on Tuesday. The business’s 50-day moving average is $511.00 and its 200-day moving average is $504.66. The company has a market capitalization of $309.24 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

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.