Fifth Third Securities Inc. decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,967 shares of the exchange traded fund's stock after selling 3,952 shares during the period. Invesco QQQ accounts for approximately 3.6% of Fifth Third Securities Inc.'s holdings, making the stock its 3rd biggest holding. Fifth Third Securities Inc.'s holdings in Invesco QQQ were worth $42,188,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ during the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the first quarter worth approximately $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ in the first quarter valued at approximately $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ in the fourth quarter valued at approximately $57,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.1%
QQQ opened at $555.45 on Friday. The company has a fifty day moving average price of $525.75 and a two-hundred day moving average price of $505.74. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $557.63.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.
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.
Further Reading
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).
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