Invesco QQQ (NASDAQ:QQQ) Shares Bought by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 35.1% during the 1st quarter, Holdings Channel reports. The firm owned 13,067 shares of the exchange traded fund’s stock after acquiring an additional 3,397 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Invesco QQQ were worth $6,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the 4th quarter worth $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $37,000. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at about $51,000. Finally, Banque Transatlantique SA acquired a new position in shares of Invesco QQQ in the fourth quarter valued at about $57,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.3%

Shares of NASDAQ:QQQ opened at $526.96 on Monday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock has a market cap of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The business has a 50-day moving average price of $492.58 and a 200-day moving average price of $502.73.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.