Crews Bank & Trust Acquires New Stake in Invesco QQQ (NASDAQ:QQQ)

Crews Bank & Trust acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, Holdings Channel reports. The firm acquired 10,793 shares of the exchange traded fund’s stock, valued at approximately $5,518,000. Invesco QQQ accounts for 0.9% of Crews Bank & Trust’s holdings, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC boosted its position in Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares during the last quarter. Toronto Dominion Bank boosted its position in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after acquiring an additional 488,815 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its position in Invesco QQQ by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after acquiring an additional 13,772 shares during the last quarter. Stifel Financial Corp boosted its position in Invesco QQQ by 0.3% during the third quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock valued at $425,324,000 after acquiring an additional 2,572 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Invesco QQQ by 2.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 849,259 shares of the exchange traded fund’s stock worth $414,429,000 after purchasing an additional 18,833 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $523.05 on Friday. The company’s 50-day moving average is $518.86 and its 200-day moving average is $493.75. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.