Eastern Bank Has $7.08 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Eastern Bank raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,845 shares of the exchange traded fund’s stock after purchasing an additional 258 shares during the quarter. Eastern Bank’s holdings in Invesco QQQ were worth $7,078,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in QQQ. Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ during the third quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares in the last quarter. Providence Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the second quarter worth $76,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth $91,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.5 %

Shares of QQQ traded down $2.58 during midday trading on Monday, reaching $504.61. 25,573,700 shares of the stock were exchanged, compared to its average volume of 33,436,480. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15. The stock’s 50 day simple moving average is $514.92 and its 200 day simple moving average is $491.12.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.