Finemark National Bank & Trust Acquires 3,074 Shares of Invesco QQQ $QQQ

Finemark National Bank & Trust lifted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,408 shares of the exchange traded fund’s stock after purchasing an additional 3,074 shares during the quarter. Invesco QQQ comprises approximately 0.9% of Finemark National Bank & Trust’s holdings, making the stock its 20th largest position. Finemark National Bank & Trust’s holdings in Invesco QQQ were worth $28,462,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. River Wealth Advisors LLC raised its stake in Invesco QQQ by 1.0% during the third quarter. River Wealth Advisors LLC now owns 6,575 shares of the exchange traded fund’s stock valued at $3,947,000 after buying an additional 68 shares during the last quarter. Bedell Frazier Investment Counselling LLC purchased a new stake in shares of Invesco QQQ in the third quarter worth $8,143,000. Holderness Investments Co. increased its holdings in shares of Invesco QQQ by 1.5% during the third quarter. Holderness Investments Co. now owns 22,426 shares of the exchange traded fund’s stock valued at $13,464,000 after acquiring an additional 328 shares in the last quarter. Creekmur Asset Management LLC raised its position in shares of Invesco QQQ by 2.7% in the 3rd quarter. Creekmur Asset Management LLC now owns 69,224 shares of the exchange traded fund’s stock worth $41,560,000 after purchasing an additional 1,828 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its position in shares of Invesco QQQ by 40.0% in the 3rd quarter. Aprio Wealth Management LLC now owns 11,158 shares of the exchange traded fund’s stock worth $6,699,000 after purchasing an additional 3,186 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Summary

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

Invesco QQQ Trading Down 0.3%

Shares of Invesco 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 firm’s 50-day moving average is $616.27 and its 200 day moving average is $606.48.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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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