1,146 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Security National Bank of SO Dak

Security National Bank of SO Dak purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,146 shares of the exchange traded fund's stock, valued at approximately $586,000.

Other hedge funds also recently added to or reduced their stakes in the company. Redwood Investment Management LLC raised its stake in shares of Invesco QQQ by 74.8% during the fourth quarter. Redwood Investment Management LLC now owns 6,977 shares of the exchange traded fund's stock valued at $3,567,000 after purchasing an additional 2,986 shares during the period. Roberts Capital Advisors LLC grew its holdings in Invesco QQQ by 66.7% during the 4th quarter. Roberts Capital Advisors LLC now owns 1,075 shares of the exchange traded fund's stock valued at $550,000 after purchasing an additional 430 shares in the last quarter. Point72 Europe London LLP increased its stake in Invesco QQQ by 196.5% during the 4th quarter. Point72 Europe London LLP now owns 115,931 shares of the exchange traded fund's stock worth $59,267,000 after buying an additional 76,831 shares during the period. Private Capital Management LLC lifted its holdings in Invesco QQQ by 26.2% in the 4th quarter. Private Capital Management LLC now owns 2,492 shares of the exchange traded fund's stock worth $1,274,000 after buying an additional 517 shares in the last quarter. Finally, Quadcap Wealth Management LLC lifted its holdings in Invesco QQQ by 28.8% in the 4th quarter. Quadcap Wealth Management LLC now owns 17,692 shares of the exchange traded fund's stock worth $9,045,000 after buying an additional 3,952 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $519.25 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The company has a market capitalization of $324.64 billion, a PE ratio of 30.62 and a beta of 1.18. The business has a 50-day moving average of $469.91 and a 200-day moving average of $499.86.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ Company 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.

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