Fulton Bank N.A. Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Fulton Bank N.A. increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,895 shares of the exchange traded fund’s stock after buying an additional 110 shares during the quarter. Fulton Bank N.A.’s holdings in Invesco QQQ were worth $2,295,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its stake in Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock valued at $2,300,993,000 after purchasing an additional 756,990 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Invesco QQQ by 0.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock worth $1,593,354,000 after purchasing an additional 27,115 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock worth $1,239,886,000 after purchasing an additional 52,235 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $523.21 on Tuesday. The stock has a market capitalization of $327.87 billion, a P/E ratio of 30.62 and a beta of 1.11. The firm’s 50-day moving average is $478.83 and its two-hundred day moving average is $501.16. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

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

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.