Crews Bank & Trust bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,793 shares of the exchange traded fund's stock, valued at approximately $5,518,000. Invesco QQQ makes up approximately 0.9% of Crews Bank & Trust's investment portfolio, making the stock its 21st biggest position.
Several other hedge funds have also modified their holdings of QQQ. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC increased its holdings in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas acquired a new position in shares of Invesco QQQ in the third quarter valued at about $62,000. Brooklyn Investment Group purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund's stock worth $71,000 after purchasing an additional 63 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
NASDAQ:QQQ traded down $0.76 during midday trading on Friday, hitting $522.29. The company's stock had a trading volume of 38,747,058 shares, compared to its average volume of 30,541,316. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The firm's 50 day moving average is $519.55 and its 200-day moving average is $494.13.
Invesco QQQ Dividend Announcement
The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.
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.
Further Reading
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