First American Trust FSB Boosts Position in Invesco QQQ (NASDAQ:QQQ)

First American Trust FSB increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. PayPay Securities Corp increased 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 worth $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the 4th quarter worth approximately $51,000. Finally, Creative Capital Management Investments LLC lifted its position in Invesco QQQ by 740.0% in the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund's stock valued at $64,000 after purchasing an additional 111 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 2.0 %

Shares of NASDAQ:QQQ traded down $9.39 during trading on Friday, reaching $472.23. 17,978,530 shares of the company traded hands, compared to its average volume of 34,799,753. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The business's fifty day moving average is $509.49 and its 200-day moving average is $504.67. The firm has a market capitalization of $297.62 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

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Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.