FineMark National Bank & Trust Has $24.46 Million Position in Invesco QQQ $QQQ

FineMark National Bank & Trust boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 44,334 shares of the exchange traded fund’s stock after purchasing an additional 3,198 shares during the quarter. Invesco QQQ makes up approximately 0.8% of FineMark National Bank & Trust’s investment portfolio, making the stock its 24th biggest position. FineMark National Bank & Trust’s holdings in Invesco QQQ were worth $24,456,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC acquired a new position in shares of Invesco QQQ during the second quarter valued at $30,000. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the 2nd quarter valued at about $41,000. Blume Capital Management Inc. boosted its stake in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. Moser Wealth Advisors LLC grew its position in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 93 shares during the period. Finally, Atlantic Private Wealth LLC raised its stake in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $596.31 on Wednesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The company’s 50 day simple moving average is $606.67 and its 200 day simple moving average is $567.44.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were paid a $0.694 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

About Invesco QQQ

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.