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Fifth Third Securities Inc. Buys 1,875 Shares of Invesco QQQ $QQQ

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Key Points

  • Fifth Third Securities raised its stake in Invesco QQQ by 1.7%, buying an additional 1,875 shares to hold 111,738 shares worth $68.642 million, making QQQ 4.5% of the firm's portfolio and its largest position.
  • Several other funds also adjusted positions—Sovran Advisors and Corepath Wealth increased holdings while new stakes were added by SK Wealth, Great Point, and Strengthening Families & Communities—leaving institutional and hedge fund ownership at about 44.58%.
  • QQQ opened at $611.07 (12‑month range $427.93–$637.01) with a 50‑day SMA of $599.35 and 200‑day SMA of $609.52, and recently paid a quarterly dividend of $0.7328 (annualized $2.93, yield ~0.5%).
  • Five stocks to consider instead of Invesco QQQ.

Fifth Third Securities Inc. raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,738 shares of the exchange traded fund's stock after acquiring an additional 1,875 shares during the quarter. Invesco QQQ makes up 4.5% of Fifth Third Securities Inc.'s portfolio, making the stock its biggest position. Fifth Third Securities Inc.'s holdings in Invesco QQQ were worth $68,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in QQQ. Sovran Advisors LLC grew its position in shares of Invesco QQQ by 8.0% in the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund's stock worth $11,212,000 after acquiring an additional 1,340 shares in the last quarter. SK Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 3rd quarter valued at approximately $803,000. Corepath Wealth Partners LLC boosted its holdings in shares of Invesco QQQ by 19.7% in the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund's stock valued at $5,471,000 after buying an additional 1,436 shares during the period. Great Point Wealth Advisors LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $507,000. Finally, Strengthening Families & Communities LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $10,771,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $611.07 on Monday. Invesco QQQ has a twelve month low of $427.93 and a twelve month high of $637.01. The business's 50 day simple moving average is $599.35 and its 200-day simple moving average is $609.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.5%.

About Invesco QQQ

(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.

Recommended Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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