FineMark National Bank & Trust Acquires 1,808 Shares of Invesco QQQ (NASDAQ:QQQ)

FineMark National Bank & Trust increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,040 shares of the exchange traded fund’s stock after purchasing an additional 1,808 shares during the period. FineMark National Bank & Trust’s holdings in Invesco QQQ were worth $9,026,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Red Tortoise LLC boosted its position in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares during the period. Robinson Capital Management LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $40,000. Friedenthal Financial purchased a new position in Invesco QQQ during the 4th quarter valued at about $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ during the 4th quarter valued at approximately $42,000. Finally, Core Wealth Advisors Inc. raised its holdings in shares of Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.5 %

Invesco QQQ stock traded down $2.28 during mid-day trading on Thursday, reaching $453.43. 35,095,576 shares of the company traded hands, compared to its average volume of 43,621,305. Invesco QQQ has a 52-week low of $329.56 and a 52-week high of $460.58. The firm’s 50 day moving average price is $438.48 and its 200 day moving average price is $420.84.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 18th.

Invesco QQQ 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.