Invesco QQQ (NASDAQ:QQQ) Shares Acquired by First Citizens Financial Corp

First Citizens Financial Corp boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,416 shares of the exchange traded fund’s stock after acquiring an additional 150 shares during the quarter. Invesco QQQ accounts for 1.2% of First Citizens Financial Corp’s portfolio, making the stock its 26th largest position. First Citizens Financial Corp’s holdings in Invesco QQQ were worth $2,071,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wilkins Miller Wealth Management LLC acquired a new stake in Invesco QQQ in the fourth quarter worth about $1,018,000. Synergy Investment Management LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth about $723,000. Grant Private Wealth Management Inc acquired a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $815,000. Tandem Investment Partners LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $4,623,000. Finally, Gemsstock Ltd. boosted its holdings in shares of Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock valued at $150,046,000 after acquiring an additional 213,400 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $518.91 on Thursday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The stock has a market cap of $325.17 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The stock’s 50 day moving average price is $477.01 and its 200 day moving average price is $501.03.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.