Invesco QQQ (NASDAQ:QQQ) Shares Bought by Private Trust Co. NA

Private Trust Co. NA boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 19,446 shares of the exchange traded fund’s stock after acquiring an additional 318 shares during the period. Invesco QQQ comprises about 1.0% of Private Trust Co. NA’s holdings, making the stock its 9th biggest holding. Private Trust Co. NA’s holdings in Invesco QQQ were worth $9,941,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Ergawealth Advisors Inc. raised its position in Invesco QQQ by 3.5% during the fourth quarter. Ergawealth Advisors Inc. now owns 1,823 shares of the exchange traded fund’s stock worth $932,000 after acquiring an additional 62 shares during the period. Parkside Financial Bank & Trust raised its position in Invesco QQQ by 34.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,122 shares of the exchange traded fund’s stock worth $3,641,000 after acquiring an additional 1,836 shares during the period. Financial Security Advisor Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $266,000. Verus Capital Partners LLC raised its position in shares of Invesco QQQ by 4.5% in the fourth quarter. Verus Capital Partners LLC now owns 28,279 shares of the exchange traded fund’s stock valued at $14,457,000 after buying an additional 1,216 shares during the last quarter. Finally, Fort Sheridan Advisors LLC raised its position in shares of Invesco QQQ by 8.4% in the fourth quarter. Fort Sheridan Advisors LLC now owns 5,923 shares of the exchange traded fund’s stock valued at $3,028,000 after buying an additional 457 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 2.8 %

Shares of NASDAQ QQQ opened at $500.27 on Friday. The firm has a 50-day simple moving average of $522.25 and a 200-day simple moving average of $502.61. The stock has a market capitalization of $315.30 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Dividend Announcement

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

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.