Montecito Bank & Trust Purchases 67 Shares of Invesco QQQ (NASDAQ:QQQ)

Montecito Bank & Trust increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,929 shares of the exchange traded fund’s stock after purchasing an additional 67 shares during the quarter. Invesco QQQ makes up approximately 0.8% of Montecito Bank & Trust’s holdings, making the stock its 27th largest holding. Montecito Bank & Trust’s holdings in Invesco QQQ were worth $4,846,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Westwood Holdings Group Inc. boosted its stake in shares of Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares in the last quarter. Bank Hapoalim BM boosted its position in Invesco QQQ by 5.5% during the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after acquiring an additional 6,347 shares in the last quarter. Socha Financial Group LLC grew its holdings in shares of Invesco QQQ by 1.3% during the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after acquiring an additional 1,153 shares during the period. SVB Wealth LLC raised its position in shares of Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares in the last quarter. Finally, WFA Asset Management Corp lifted its stake in shares of Invesco QQQ by 70.6% in the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after purchasing an additional 1,894 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.7 %

NASDAQ:QQQ opened at $505.58 on Thursday. The firm’s 50-day moving average price is $483.00 and its 200-day moving average price is $470.34. Invesco QQQ has a 1-year low of $369.05 and a 1-year high of $506.41.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

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.