Intrust Bank NA Has $15.39 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Intrust Bank NA boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,111 shares of the exchange traded fund’s stock after purchasing an additional 487 shares during the quarter. Invesco QQQ comprises approximately 1.6% of Intrust Bank NA’s investment portfolio, making the stock its 12th largest holding. Intrust Bank NA’s holdings in Invesco QQQ were worth $15,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Proficio Capital Partners LLC boosted its position in Invesco QQQ by 51,292.3% in 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 purchasing an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC raised its stake 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. Artemis Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after buying an additional 895,277 shares during the last quarter. Toronto Dominion Bank grew its position in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares during the period. Finally, Cibc World Market Inc. increased its holdings in Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after buying an additional 324,948 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.6 %

Shares of QQQ stock opened at $468.94 on Friday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The company has a 50 day moving average of $508.43 and a 200-day moving average of $504.77. The firm has a market cap of $295.55 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date is 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.