Cadence Bank Has $2.37 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Cadence Bank raised its position in Invesco QQQ (NASDAQ:QQQ) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,639 shares of the exchange traded fund’s stock after buying an additional 196 shares during the period. Cadence Bank’s holdings in Invesco QQQ were worth $2,372,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Proficio Capital Partners LLC raised its holdings in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC raised its stake in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Invesco QQQ by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock valued at $1,593,354,000 after acquiring an additional 27,115 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock worth $1,239,886,000 after purchasing an additional 52,235 shares during the period. Finally, CHURCHILL MANAGEMENT Corp increased its holdings in shares of Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after acquiring an additional 13,772 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.1 %

Invesco QQQ stock opened at $443.82 on Friday. The stock has a market cap of $284.56 billion, a P/E ratio of 30.05 and a beta of 1.11. The company’s 50-day moving average price is $484.22 and its two-hundred day moving average price is $501.32. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco QQQ Company 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.