Invesco QQQ (NASDAQ:QQQ) Stock Position Lifted by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 34.7% in the 4th quarter, HoldingsChannel reports. The firm owned 7,122 shares of the exchange traded fund’s stock after purchasing an additional 1,836 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Invesco QQQ were worth $3,641,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of QQQ. PayPay Securities Corp boosted its stake in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new position in Invesco QQQ during the fourth quarter valued at about $37,000. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the fourth quarter valued at about $51,000. Finally, Legacy Bridge LLC boosted its stake in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.8 %

Shares of QQQ stock opened at $500.27 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The stock has a market capitalization of $315.30 billion, a P/E ratio of 33.43 and a beta of 1.11. The stock has a 50-day simple moving average of $522.25 and a 200 day simple moving average of $502.61.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.