Penobscot Investment Management Company Inc. Sells 120 Shares of Invesco QQQ (NASDAQ:QQQ)

Penobscot Investment Management Company Inc. decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,433 shares of the exchange traded fund’s stock after selling 120 shares during the quarter. Invesco QQQ comprises about 1.9% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 9th largest holding. Penobscot Investment Management Company Inc.’s holdings in Invesco QQQ were worth $20,671,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. PayPay Securities Corp boosted its stake in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $37,000. Hoese & Co LLP grew 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 worth $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $51,000. Finally, Creative Capital Management Investments LLC boosted its position in Invesco QQQ by 740.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 111 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $493.46 on Wednesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The business has a fifty day moving average of $510.77 and a 200-day moving average of $504.97. The stock has a market cap of $311.00 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

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.