Glenview Trust Co Purchases 4,113 Shares of Invesco QQQ $QQQ

Glenview Trust Co raised its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 89.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,709 shares of the exchange traded fund’s stock after purchasing an additional 4,113 shares during the quarter. Glenview Trust Co’s holdings in Invesco QQQ were worth $5,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. Goodman Advisory Group LLC bought a new stake in Invesco QQQ during the 3rd quarter valued at about $25,000. Shcp LLC bought a new stake in Invesco QQQ during the 3rd quarter valued at about $27,000. Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC bought a new stake in Invesco QQQ during the 3rd quarter valued at about $40,000. Finally, Morgan Dempsey Capital Management LLC increased its stake in Invesco QQQ by 45.5% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 25 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $717.54 on Tuesday. Invesco QQQ has a fifty-two week low of $505.58 and a fifty-two week high of $722.12. The firm has a 50-day simple moving average of $641.20 and a two-hundred day simple moving average of $623.69.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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