First Financial Bank Trust Division Decreases Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

First Financial Bank Trust Division reduced its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 36.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,197 shares of the exchange traded fund’s stock after selling 684 shares during the period. First Financial Bank Trust Division’s holdings in Invesco QQQ Trust were worth $223,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Stony Point Wealth Management Inc. lifted its position in Invesco QQQ Trust by 9.5% in the first quarter. Stony Point Wealth Management Inc. now owns 59,238 shares of the exchange traded fund’s stock valued at $10,643,000 after acquiring an additional 5,144 shares during the last quarter. Meridian Wealth Management LLC lifted its position in Invesco QQQ Trust by 2.3% in the first quarter. Meridian Wealth Management LLC now owns 66,389 shares of the exchange traded fund’s stock valued at $11,927,000 after acquiring an additional 1,515 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new stake in Invesco QQQ Trust in the first quarter valued at $379,000. Providence Wealth Advisors LLC lifted its position in Invesco QQQ Trust by 7.3% in the first quarter. Providence Wealth Advisors LLC now owns 14,332 shares of the exchange traded fund’s stock valued at $2,602,000 after acquiring an additional 970 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in Invesco QQQ Trust by 15.3% in the first quarter. Stratos Wealth Partners LTD. now owns 151,048 shares of the exchange traded fund’s stock valued at $27,137,000 after acquiring an additional 20,047 shares during the last quarter. 40.07% of the stock is owned by institutional investors and hedge funds.

Shares of QQQ opened at $182.55 on Friday. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $195.55. The firm has a fifty day moving average price of $189.99 and a 200 day moving average price of $182.42.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, June 25th were paid a $0.416 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.66 dividend on an annualized basis and a yield of 0.91%.

Invesco QQQ Trust 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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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