Finemark National Bank & Trust Grows Position in Invesco QQQ $QQQ

Finemark National Bank & Trust increased its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 6.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 47,408 shares of the exchange traded fund’s stock after buying an additional 3,074 shares during the quarter. Invesco QQQ comprises approximately 0.9% of Finemark National Bank & Trust’s portfolio, making the stock its 20th biggest position. Finemark National Bank & Trust’s holdings in Invesco QQQ were worth $28,462,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of QQQ. Navigoe LLC raised its holdings in shares of Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares during the last quarter. PayPay Securities Corp grew its position in Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in Invesco QQQ in the 3rd quarter worth approximately $42,000. Canoe Financial LP purchased a new stake in Invesco QQQ during the 3rd quarter valued at $64,000. Finally, Gleason Group Inc. lifted its holdings in shares of Invesco QQQ by 61.1% during the 3rd quarter. Gleason Group Inc. now owns 116 shares of the exchange traded fund’s stock valued at $69,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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

Invesco QQQ Stock Performance

QQQ stock opened at $607.29 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The stock’s fifty day moving average price is $616.27 and its 200-day moving average price is $606.48.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a $0.7941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a yield of 0.5%.

Invesco QQQ Company Profile

(Free Report)

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 (NASDAQ:QQQ)

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