495 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by CoreFirst Bank & Trust

CoreFirst Bank & Trust purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 495 shares of the exchange traded fund’s stock, valued at approximately $253,000.

A number of other hedge funds also recently made changes to their positions in QQQ. SOA Wealth Advisors LLC. lifted its stake in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares in the last quarter. Davis R M Inc. lifted its position in Invesco QQQ by 3.2% during the third quarter. Davis R M Inc. now owns 3,789 shares of the exchange traded fund’s stock valued at $1,849,000 after buying an additional 118 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in Invesco QQQ by 95.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,145 shares of the exchange traded fund’s stock worth $559,000 after buying an additional 558 shares during the period. Alliance Wealth Management Group increased its position in shares of Invesco QQQ by 30.2% in the third quarter. Alliance Wealth Management Group now owns 2,562 shares of the exchange traded fund’s stock worth $1,250,000 after acquiring an additional 595 shares in the last quarter. Finally, Truvestments Capital LLC lifted its holdings in shares of Invesco QQQ by 506.7% during the 3rd quarter. Truvestments Capital LLC now owns 35,646 shares of the exchange traded fund’s stock valued at $17,398,000 after acquiring an additional 29,771 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.0 %

Shares of NASDAQ QQQ opened at $490.66 on Tuesday. The stock has a fifty day moving average price of $511.00 and a 200 day moving average price of $504.66. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The company has a market cap of $309.24 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

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.