Glenview Trust Co Increases Stock Position in Invesco QQQ $QQQ

Glenview Trust Co grew its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 89.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,709 shares of the exchange traded fund’s stock after acquiring an additional 4,113 shares during the quarter. Glenview Trust Co’s holdings in Invesco QQQ were worth $5,350,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Goodman Advisory Group LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $25,000. Shcp LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $27,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $40,000. Finally, Morgan Dempsey Capital Management LLC boosted its holdings in shares of Invesco QQQ by 45.5% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $717.54 on Tuesday. The firm’s 50-day moving average price is $641.20 and its 200-day moving average price is $623.69. Invesco QQQ has a 52-week low of $505.58 and a 52-week high of $722.12.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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