CNB Bank Sells 35 Shares of Invesco QQQ (NASDAQ:QQQ)

by · The Cerbat Gem

CNB Bank reduced its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 672 shares of the exchange traded fund’s stock after selling 35 shares during the quarter. CNB Bank’s holdings in Invesco QQQ were worth $315,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $50,000. Banque Transatlantique SA acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $57,000. Finally, Perritt Capital Management Inc bought a new position in shares of Invesco QQQ in the 4th quarter worth $61,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $546.22 on Friday. The company has a fifty day simple moving average of $507.68 and a 200 day simple moving average of $503.87. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $547.35.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

About Invesco QQQ

(Free Report)

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.

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