Community Bank N.A. Sells 225 Shares of Invesco QQQ (NASDAQ:QQQ)

Community Bank N.A. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 8.9% during the third quarter, HoldingsChannel reports. The fund owned 2,301 shares of the exchange traded fund’s stock after selling 225 shares during the quarter. Community Bank N.A.’s holdings in Invesco QQQ were worth $1,123,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Socha Financial Group LLC boosted its stake in shares of Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the last quarter. Archer Investment Corp lifted its holdings in Invesco QQQ by 10.2% in the third quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund’s stock valued at $21,281,000 after buying an additional 4,025 shares during the period. Bank Hapoalim BM boosted its position in Invesco QQQ by 5.5% during the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after acquiring an additional 6,347 shares during the last quarter. Marco Investment Management LLC grew its holdings in Invesco QQQ by 48.1% during the 3rd quarter. Marco Investment Management LLC now owns 9,621 shares of the exchange traded fund’s stock worth $4,696,000 after acquiring an additional 3,123 shares during the period. Finally, Arrow Financial Corp raised its position in shares of Invesco QQQ by 7.2% in the 3rd quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund’s stock worth $68,997,000 after acquiring an additional 9,516 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $509.74 on Monday. The stock’s 50-day moving average is $496.13 and its 200 day moving average is $479.38. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

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.