Fulton Bank N.A. Purchases 793 Shares of Invesco QQQ (NASDAQ:QQQ)

Fulton Bank N.A. lifted its position in Invesco QQQ (NASDAQ:QQQ) by 19.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,785 shares of the exchange traded fund’s stock after buying an additional 793 shares during the period. Fulton Bank N.A.’s holdings in Invesco QQQ were worth $2,446,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the period. BNP Paribas acquired a new position in Invesco QQQ in the 3rd quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. Providence Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at about $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Invesco QQQ in the third quarter valued at about $91,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.2 %

Shares of QQQ stock traded down $0.90 on Wednesday, hitting $514.28. 16,039,922 shares of the stock were exchanged, compared to its average volume of 30,658,146. Invesco QQQ has a fifty-two week low of $401.71 and a fifty-two week high of $539.15. The business has a 50-day moving average of $513.51 and a 200 day moving average of $490.39.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.