Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Essex Savings Bank

Essex Savings Bank increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,011 shares of the exchange traded fund’s stock after purchasing an additional 270 shares during the quarter. Invesco QQQ accounts for approximately 0.9% of Essex Savings Bank’s investment portfolio, making the stock its 23rd largest holding. Essex Savings Bank’s holdings in Invesco QQQ were worth $3,584,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of QQQ. Legacy Bridge LLC grew its position in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas purchased a new stake in shares of Invesco QQQ in the third quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE raised its position in Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares in the last quarter. Pacifica Partners Inc. purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $73,000. Finally, Providence Capital Advisors LLC acquired a new position in Invesco QQQ in the second quarter valued at approximately $76,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.3 %

NASDAQ:QQQ opened at $516.67 on Thursday. The company has a 50 day moving average price of $515.57 and a 200-day moving average price of $491.47. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. 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.