First American Trust FSB Has $1.22 Million Stake in Invesco QQQ (NASDAQ:QQQ)

First American Trust FSB decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 32.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,983 shares of the exchange traded fund’s stock after selling 1,443 shares during the quarter. First American Trust FSB’s holdings in Invesco QQQ were worth $1,222,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of QQQ. Friedenthal Financial acquired a new stake in Invesco QQQ in the 4th quarter valued at $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ in the 4th quarter valued at $42,000. Core Wealth Advisors Inc. raised its position in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Invesco QQQ in the 2nd quarter valued at $44,000. Finally, Blume Capital Management Inc. raised its position in Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.6 %

QQQ traded down $7.21 during trading on Monday, hitting $431.06. The company’s stock had a trading volume of 62,448,311 shares, compared to its average volume of 45,426,551. The firm’s 50 day moving average price is $438.24 and its two-hundred day moving average price is $406.24. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34. The stock has a market capitalization of $251.14 billion, a price-to-earnings ratio of 35.76 and a beta of 1.28.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.53%.

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.