Invesco QQQ (NASDAQ:QQQ) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division trimmed its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 57.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,681 shares of the exchange traded fund's stock after selling 12,921 shares during the period. Invesco QQQ comprises 0.6% of Central Pacific Bank Trust Division's holdings, making the stock its 29th biggest holding. Central Pacific Bank Trust Division's holdings in Invesco QQQ were worth $4,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC lifted its position in shares of Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC lifted its position in shares of Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. NWI Management LP lifted its position in shares of Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the period. Senator Investment Group LP purchased a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $679,936,000. Finally, Artemis Wealth Advisors LLC lifted its position in shares of Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after purchasing an additional 895,277 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.8%

Shares of NASDAQ QQQ traded up $4.10 during trading hours on Monday, hitting $523.21. 44,563,388 shares of the stock were exchanged, compared to its average volume of 37,704,717. The company has a market cap of $327.87 billion, a PE ratio of 30.62 and a beta of 1.11. The firm has a fifty day moving average price of $478.83 and a 200-day moving average price of $501.16. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date 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.