Zions Bancorporation N.A. Sells 42 Shares of Invesco QQQ (NASDAQ:QQQ)

Zions Bancorporation N.A. lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,806 shares of the exchange traded fund’s stock after selling 42 shares during the period. Zions Bancorporation N.A.’s holdings in Invesco QQQ were worth $1,946,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. TIAA Trust National Association boosted its holdings in Invesco QQQ by 2.7% in the 4th quarter. TIAA Trust National Association now owns 29,698 shares of the exchange traded fund’s stock worth $15,183,000 after buying an additional 774 shares during the period. FineMark National Bank & Trust boosted its stake in shares of Invesco QQQ by 17.3% in the fourth quarter. FineMark National Bank & Trust now owns 38,022 shares of the exchange traded fund’s stock worth $19,438,000 after acquiring an additional 5,600 shares during the period. Colony Family Offices LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $438,000. CoreFirst Bank & Trust bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $253,000. Finally, Grantvest Financial Group LLC purchased a new position in Invesco QQQ in the 4th quarter worth approximately $1,485,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $493.46 on Wednesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The business has a 50 day simple moving average of $510.77 and a two-hundred day simple moving average of $504.97. The company has a market capitalization of $311.00 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend 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.