Invesco QQQ (NASDAQ:QQQ) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,309 shares of the exchange traded fund’s stock after selling 34 shares during the period. Parkside Financial Bank & Trust’s holdings in Invesco QQQ were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. IMA Wealth Inc. grew its holdings in Invesco QQQ by 1.3% in the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 25 shares during the last quarter. S.A. Mason LLC boosted its stake in shares of Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after acquiring an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC boosted its stake in shares of Invesco QQQ by 0.4% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after acquiring an additional 25 shares during the last quarter. Cedrus LLC boosted its stake in shares of Invesco QQQ by 1.7% during the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 25 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its stake in shares of Invesco QQQ by 3.1% during the fourth quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.6 %

Shares of QQQ traded up $6.65 during trading hours on Tuesday, reaching $425.47. 32,876,171 shares of the company traded hands, compared to its average volume of 45,851,098. Invesco QQQ has a fifty-two week low of $309.89 and a fifty-two week high of $449.34. The stock has a fifty day simple moving average of $437.27 and a 200 day simple moving average of $409.02.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

Invesco QQQ 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.