First Western Trust Bank Invests $201,000 in Invesco QQQ (NASDAQ:QQQ)

First Western Trust Bank acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 491 shares of the exchange traded fund’s stock, valued at approximately $201,000.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Invesco QQQ by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after purchasing an additional 52,019 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after purchasing an additional 243,305 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Invesco QQQ by 2.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after buying an additional 43,000 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp grew its position in Invesco QQQ by 36.3% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after buying an additional 376,661 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.1 %

Shares of Invesco QQQ stock opened at $440.06 on Thursday. The company has a 50-day moving average of $436.66 and a two-hundred day moving average of $414.00. Invesco QQQ has a 12-month low of $321.32 and a 12-month high of $449.34.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were paid a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, March 18th.

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.