CNB Bank Sells 55 Shares of Invesco QQQ (NASDAQ:QQQ)

CNB Bank decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 707 shares of the exchange traded fund’s stock after selling 55 shares during the quarter. CNB Bank’s holdings in Invesco QQQ were worth $361,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in QQQ. Legacy Bridge LLC lifted its position 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 in the last quarter. BNP Paribas purchased a new stake in shares of Invesco QQQ in the third quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares during the period. Pacifica Partners Inc. purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $73,000. Finally, Providence Capital Advisors LLC bought a new stake in Invesco QQQ during the 2nd quarter worth approximately $76,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $521.74 on Friday. The firm has a fifty day moving average price of $515.79 and a two-hundred day moving average price of $491.80. Invesco QQQ has a one year low of $409.16 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

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