Grove Bank & Trust Purchases 80 Shares of Invesco QQQ (NASDAQ:QQQ)

Grove Bank & Trust boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 10.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 878 shares of the exchange traded fund’s stock after buying an additional 80 shares during the period. Grove Bank & Trust’s holdings in Invesco QQQ were worth $412,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. HighMark Wealth Management LLC grew its position in shares of Invesco QQQ by 5.2% in the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund’s stock worth $208,000 after buying an additional 20 shares during the period. Providence First Trust Co increased its position in Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock valued at $346,000 after buying an additional 20 shares in the last quarter. Diversified Enterprises LLC increased its position in Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock valued at $2,679,000 after buying an additional 20 shares in the last quarter. Prevail Innovative Wealth Advisors LLC raised its stake in Invesco QQQ by 4.3% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund’s stock valued at $247,000 after buying an additional 20 shares during the last quarter. Finally, Legacy Investment Solutions LLC boosted its holdings in Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock worth $138,000 after acquiring an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $529.08 on Wednesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The stock’s fifty day moving average price is $496.20 and its 200-day moving average price is $503.08.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors 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.

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.