Essex Savings Bank Sells 36 Shares of Invesco QQQ (NASDAQ:QQQ)

Essex Savings Bank lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% in the 1st quarter, HoldingsChannel reports. The fund owned 6,975 shares of the exchange traded fund’s stock after selling 36 shares during the period. Invesco QQQ makes up about 0.8% of Essex Savings Bank’s portfolio, making the stock its 24th largest holding. Essex Savings Bank’s holdings in Invesco QQQ were worth $3,271,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ during the 4th quarter worth $36,000. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $51,000. Banque Transatlantique SA purchased a new stake in Invesco QQQ in the fourth quarter valued at about $57,000. Finally, Perritt Capital Management Inc acquired a new stake in Invesco QQQ in the fourth quarter worth about $61,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $529.08 on Wednesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The stock’s 50-day simple moving average is $496.20 and its 200-day simple moving average is $503.08.

Invesco QQQ Cuts Dividend

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