CNB Bank Sells 55 Shares of Invesco QQQ (NASDAQ:QQQ)

CNB Bank decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.2% during the fourth quarter, HoldingsChannel reports. The firm owned 707 shares of the exchange traded fund’s stock after selling 55 shares during the period. CNB Bank’s holdings in Invesco QQQ were worth $361,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas bought a new position in Invesco QQQ during the third quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of 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 worth $71,000 after acquiring an additional 63 shares in the last quarter. Pacifica Partners Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $73,000. Finally, Providence Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the 2nd quarter valued at $76,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

QQQ stock opened at $521.74 on Friday. The firm’s fifty day moving average is $515.79 and its 200 day moving average is $491.80. Invesco QQQ has a 52 week low of $409.16 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.