Invesco QQQ (NASDAQ:QQQ) Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,368 shares of the exchange traded fund’s stock after selling 144 shares during the quarter. Invesco QQQ accounts for approximately 1.9% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 8th largest holding. Penobscot Investment Management Company Inc.’s holdings in Invesco QQQ were worth $16,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IMA Wealth Inc. raised its stake in shares of Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after buying an additional 25 shares in the last quarter. S.A. Mason LLC raised its stake in shares of Invesco QQQ by 1.5% during the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after buying an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC raised its stake in shares of Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after buying an additional 25 shares in the last quarter. Cedrus LLC raised its stake in shares of Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after buying an additional 25 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its stake in shares of Invesco QQQ by 3.1% during the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $4.95 during mid-day trading on Tuesday, hitting $427.80. The stock had a trading volume of 16,427,413 shares, compared to its average volume of 45,562,227. Invesco QQQ has a 52-week low of $315.11 and a 52-week high of $449.34. The company has a 50 day simple moving average of $436.92 and a 200 day simple moving average of $411.12.

Invesco QQQ Announces Dividend

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

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.