First Citizens Financial Corp Purchases 1,350 Shares of Invesco QQQ (NASDAQ:QQQ)

First Citizens Financial Corp boosted its position in Invesco QQQ (NASDAQ:QQQ) by 49.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,063 shares of the exchange traded fund’s stock after acquiring an additional 1,350 shares during the period. Invesco QQQ accounts for 1.0% of First Citizens Financial Corp’s portfolio, making the stock its 28th largest position. First Citizens Financial Corp’s holdings in Invesco QQQ were worth $1,983,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $28,000. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ in the first quarter valued at about $29,000. Mechanics Financial Corp bought a new position in Invesco QQQ during the second quarter worth about $30,000. Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $35,000. Finally, Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

Shares of NASDAQ:QQQ opened at $481.59 on Friday. The firm’s 50 day simple moving average is $469.07 and its 200 day simple moving average is $461.18. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Monday, September 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.