Home Federal Bank of Tennessee Reduces Holdings in Invesco QQQ (NASDAQ:QQQ)

Home Federal Bank of Tennessee cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,898 shares of the exchange traded fund’s stock after selling 153 shares during the quarter. Invesco QQQ accounts for about 0.7% of Home Federal Bank of Tennessee’s investment portfolio, making the stock its 20th largest holding. Home Federal Bank of Tennessee’s holdings in Invesco QQQ were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of QQQ. GAMMA Investing LLC grew its position in shares of Invesco QQQ by 21.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,290 shares of the exchange traded fund’s stock worth $630,000 after buying an additional 230 shares during the last quarter. Bricktown Capital LLC lifted its stake in shares of Invesco QQQ by 314.3% in the 3rd quarter. Bricktown Capital LLC now owns 3,849 shares of the exchange traded fund’s stock valued at $1,879,000 after purchasing an additional 2,920 shares during the period. WealthBridge Capital Management LLC lifted its stake in shares of Invesco QQQ by 10.9% in the 3rd quarter. WealthBridge Capital Management LLC now owns 22,180 shares of the exchange traded fund’s stock valued at $10,825,000 after purchasing an additional 2,188 shares during the period. Smith Anglin Financial LLC lifted its stake in shares of Invesco QQQ by 3.2% in the 3rd quarter. Smith Anglin Financial LLC now owns 7,070 shares of the exchange traded fund’s stock valued at $3,451,000 after purchasing an additional 221 shares during the period. Finally, Consilio Wealth Advisors LLC lifted its stake in shares of Invesco QQQ by 0.8% in the 3rd quarter. Consilio Wealth Advisors LLC now owns 34,062 shares of the exchange traded fund’s stock valued at $16,625,000 after purchasing an additional 285 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $522.29 on Monday. The business has a 50 day moving average of $519.55 and a 200-day moving average of $494.20. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

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

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.