Central Pacific Bank Trust Division Has $4.90 Million Stock Position in Invesco QQQ $QQQ

Central Pacific Bank Trust Division reduced its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,982 shares of the exchange traded fund’s stock after selling 1,616 shares during the period. Invesco QQQ makes up about 0.6% of Central Pacific Bank Trust Division’s investment portfolio, making the stock its 28th largest position. Central Pacific Bank Trust Division’s holdings in Invesco QQQ were worth $4,903,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Goodman Advisory Group LLC bought a new position in Invesco QQQ during the third quarter worth $25,000. Shcp LLC acquired a new position in Invesco QQQ during the 3rd quarter valued at $27,000. Navigoe LLC boosted its holdings in Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in Invesco QQQ in the 3rd quarter worth $40,000. Finally, PayPay Securities Corp grew its position in Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $582.06 on Friday. The firm’s 50-day moving average is $610.46 and its 200-day moving average is $609.19. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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