CoreFirst Bank & Trust Acquires New Shares in Invesco QQQ (NASDAQ:QQQ)

CoreFirst Bank & Trust bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 495 shares of the exchange traded fund’s stock, valued at approximately $253,000.

A number of other hedge funds have also made changes to their positions in QQQ. PayPay Securities Corp increased its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ in the 4th quarter valued at about $37,000. Hoese & Co LLP lifted its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $51,000. Finally, BNP Paribas purchased a new stake in shares of Invesco QQQ during the third quarter worth about $62,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $490.66 on Tuesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The company’s 50 day simple moving average is $511.00 and its 200 day simple moving average is $504.66. The company has a market capitalization of $309.24 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm 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 is Monday, March 24th.

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.