Montecito Bank & Trust Has $4.96 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Montecito Bank & Trust lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,698 shares of the exchange traded fund’s stock after selling 231 shares during the quarter. Invesco QQQ makes up about 0.9% of Montecito Bank & Trust’s investment portfolio, making the stock its 26th largest position. Montecito Bank & Trust’s holdings in Invesco QQQ were worth $4,958,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Granite Bay Wealth Management LLC increased its stake in shares of Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Invesco QQQ by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after buying an additional 338,494 shares during the last quarter. Finally, Empirical Asset Management LLC lifted its position in Invesco QQQ by 15,676.3% during the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after buying an additional 201,597 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $532.64 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The firm has a 50-day moving average price of $516.72 and a two-hundred day moving average price of $492.81.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given 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.