Invesco QQQ (NASDAQ:QQQ) Shares Purchased by First Citizens Financial Corp

First Citizens Financial Corp boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 49.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,063 shares of the exchange traded fund’s stock after acquiring an additional 1,350 shares during the quarter. Invesco QQQ comprises 1.0% of First Citizens Financial Corp’s investment portfolio, making the stock its 28th biggest holding. First Citizens Financial Corp’s holdings in Invesco QQQ were worth $1,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Prospect Financial Services LLC boosted its holdings in shares of Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after acquiring an additional 21 shares in the last quarter. Sweeney & Michel LLC lifted its position in Invesco QQQ by 4.0% in the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 22 shares during the period. Family Firm Inc. boosted its stake in Invesco QQQ by 3.1% during the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 22 shares in the last quarter. Merriman Wealth Management LLC increased its position in shares of Invesco QQQ by 0.5% during the 2nd quarter. Merriman Wealth Management LLC now owns 5,044 shares of the exchange traded fund’s stock valued at $2,420,000 after purchasing an additional 23 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. increased its position in shares of Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.1 %

Shares of QQQ opened at $481.59 on Friday. The firm’s 50 day moving average is $469.07 and its 200-day moving average is $461.18. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, September 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.