First Financial Group Corp Invests $1.69 Million in Invesco QQQ (NASDAQ:QQQ)

First Financial Group Corp acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,300 shares of the exchange traded fund’s stock, valued at approximately $1,688,000. Invesco QQQ accounts for approximately 1.9% of First Financial Group Corp’s portfolio, making the stock its 19th largest position.

Other institutional investors also recently made changes to their positions in the company. Stephens Consulting LLC lifted its stake in Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after purchasing an additional 19 shares during the last quarter. Cardinal Point Capital Management ULC lifted its stake in shares of Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after acquiring an additional 20 shares during the last quarter. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in shares of Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 20 shares during the last quarter. Finally, RAM Investment Partners LLC raised its position in Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.4 %

QQQ stock opened at $479.66 on Friday. The stock has a 50-day moving average price of $514.89 and a 200-day moving average price of $503.66. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The firm has a market cap of $302.31 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

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

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.