Parkside Financial Bank & Trust Sells 34 Shares of Invesco QQQ (NASDAQ:QQQ)

Parkside Financial Bank & Trust reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,309 shares of the exchange traded fund’s stock after selling 34 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Invesco QQQ were worth $536,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Marks Group Wealth Management Inc grew its position in shares of Invesco QQQ by 6.9% during the 4th quarter. Marks Group Wealth Management Inc now owns 1,291 shares of the exchange traded fund’s stock worth $529,000 after purchasing an additional 83 shares in the last quarter. Roble Belko & Company Inc boosted its position in shares of Invesco QQQ by 1.3% during the 4th quarter. Roble Belko & Company Inc now owns 2,146 shares of the exchange traded fund’s stock worth $879,000 after acquiring an additional 27 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Invesco QQQ by 9.2% during the 4th quarter. Larson Financial Group LLC now owns 93,807 shares of the exchange traded fund’s stock worth $38,416,000 after acquiring an additional 7,883 shares in the last quarter. Foster & Motley Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $257,000. Finally, Gimbal Financial acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $288,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $6.65 during mid-day trading on Tuesday, reaching $425.47. The company had a trading volume of 32,876,171 shares, compared to its average volume of 45,851,098. Invesco QQQ has a fifty-two week low of $309.89 and a fifty-two week high of $449.34. The business has a fifty day simple moving average of $437.27 and a 200 day simple moving average of $409.02.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

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.