First Bancorp Inc ME Buys 48 Shares of Invesco QQQ (NASDAQ:QQQ)

First Bancorp Inc ME raised its stake in Invesco QQQ (NASDAQ:QQQ) by 5.3% during the fourth quarter, HoldingsChannel reports. The fund owned 960 shares of the exchange traded fund’s stock after buying an additional 48 shares during the period. First Bancorp Inc ME’s holdings in Invesco QQQ were worth $491,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in Invesco QQQ by 332.0% in the 2nd quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after acquiring an additional 9,254 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Invesco QQQ by 28.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock worth $33,772,000 after purchasing an additional 15,648 shares during the last quarter. Scientech Research LLC purchased a new position in shares of Invesco QQQ in the second quarter worth $1,086,000. Beaird Harris Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 15.0% during the second quarter. Beaird Harris Wealth Management LLC now owns 859 shares of the exchange traded fund’s stock valued at $412,000 after purchasing an additional 112 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group boosted its position in shares of Invesco QQQ by 6,597.8% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 62,290 shares of the exchange traded fund’s stock valued at $29,844,000 after buying an additional 61,360 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $529.63 on Friday. The business has a 50-day simple moving average of $517.86 and a two-hundred day simple moving average of $493.31. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

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