Invesco QQQ (NASDAQ:QQQ) Shares Bought by Home Federal Bank of Tennessee

Home Federal Bank of Tennessee increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 31.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,436 shares of the exchange traded fund's stock after acquiring an additional 1,538 shares during the quarter. Invesco QQQ comprises about 0.9% of Home Federal Bank of Tennessee's portfolio, making the stock its 18th largest holding. Home Federal Bank of Tennessee's holdings in Invesco QQQ were worth $3,018,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Wilkins Miller Wealth Management LLC bought a new position in Invesco QQQ in the fourth quarter worth approximately $1,018,000. Synergy Investment Management LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at about $723,000. Grant Private Wealth Management Inc acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $815,000. Tandem Investment Partners LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at $4,623,000. Finally, Gemsstock Ltd. lifted its holdings in Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after acquiring an additional 213,400 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.3%

QQQ traded down $1.80 during trading on Wednesday, hitting $532.41. The company's stock had a trading volume of 53,362,792 shares, compared to its average volume of 38,250,616. The firm has a market capitalization of $333.63 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The business's fifty day simple moving average is $485.97 and its 200 day simple moving average is $502.25. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued 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.