Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Bank of Hawaii

Bank of Hawaii lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,273 shares of the exchange traded fund's stock after buying an additional 594 shares during the quarter. Bank of Hawaii's holdings in Invesco QQQ were worth $7,808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PayPay Securities Corp increased its holdings in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $37,000. Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% in 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 in the last quarter. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the fourth quarter worth $51,000. Finally, Perritt Capital Management Inc acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $61,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.2 %

Shares of NASDAQ QQQ traded up $1.05 during midday trading on Monday, reaching $455.45. 21,403,170 shares of the stock were exchanged, compared to its average volume of 36,739,415. The company has a market capitalization of $284.61 billion, a P/E ratio of 30.05 and a beta of 1.11. The stock has a 50 day moving average price of $490.33 and a 200-day moving average price of $502.54. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. 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.