Central Pacific Bank Trust Division Acquires 2,308 Shares of Invesco QQQ (NASDAQ:QQQ)

Central Pacific Bank Trust Division grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,602 shares of the exchange traded fund’s stock after purchasing an additional 2,308 shares during the quarter. Invesco QQQ makes up about 1.5% of Central Pacific Bank Trust Division’s holdings, making the stock its 8th biggest position. Central Pacific Bank Trust Division’s holdings in Invesco QQQ were worth $11,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. First Citizens Financial Corp boosted its stake in Invesco QQQ by 5.0% during the 4th quarter. First Citizens Financial Corp now owns 4,266 shares of the exchange traded fund’s stock worth $2,181,000 after purchasing an additional 203 shares during the period. NRI Wealth Management LC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $28,729,000. GAMMA Investing LLC raised its holdings in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Finally, 1ST Source Bank raised its stake in shares of Invesco QQQ by 0.8% during the 3rd quarter. 1ST Source Bank now owns 4,738 shares of the exchange traded fund’s stock worth $2,312,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.7 %

Shares of QQQ traded up $8.72 during mid-day trading on Friday, reaching $518.95. 16,994,393 shares of the company’s stock were exchanged, compared to its average volume of 26,481,867. Invesco QQQ has a 52-week low of $395.34 and a 52-week high of $539.15. The company has a 50-day simple moving average of $512.17 and a two-hundred day simple moving average of $489.54.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend 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.