BankPlus Trust Department Purchases Shares of 6,220 Invesco QQQ (NASDAQ:QQQ)

BankPlus Trust Department acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,220 shares of the exchange traded fund’s stock, valued at approximately $3,180,000. Invesco QQQ comprises 1.0% of BankPlus Trust Department’s portfolio, making the stock its 15th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. lifted its position in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares in the last quarter. Tectonic Advisors LLC purchased a new position in Invesco QQQ in the third quarter valued at $372,000. Pettinga Financial Advisors LLC increased its holdings in Invesco QQQ by 13.6% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after purchasing an additional 1,854 shares during the period. Arkadios Wealth Advisors raised its position in Invesco QQQ by 16.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 49,052 shares of the exchange traded fund’s stock valued at $23,941,000 after purchasing an additional 7,069 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its stake in shares of Invesco QQQ by 80.0% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,738 shares of the exchange traded fund’s stock valued at $3,776,000 after buying an additional 3,440 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $526.08 on Monday. The company’s 50 day moving average price is $523.39 and its 200 day moving average price is $501.59. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued 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.