Fifth Third Securities Inc. Sells 3,952 Shares of Invesco QQQ (NASDAQ:QQQ)

Fifth Third Securities Inc. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 largest holding. Fifth Third Securities Inc.'s holdings in Invesco QQQ were worth $42,188,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. NWI Management LP lifted its holdings in Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after buying an additional 3,648,000 shares during the period. GAMMA Investing LLC raised its holdings in Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP acquired a new stake in Invesco QQQ in the fourth quarter worth $679,936,000. Spear Holdings RSC Ltd acquired a new stake in Invesco QQQ in the first quarter worth $474,600,000. Finally, Asset Planning Services Inc. LA ADV raised its holdings in Invesco QQQ by 100,517.9% in the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after purchasing an additional 931,801 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.4%

QQQ traded up $2.01 during mid-day trading on Monday, hitting $556.21. The stock had a trading volume of 36,310,078 shares, compared to its average volume of 39,408,011. The stock's fifty day simple moving average is $527.06 and its 200-day simple moving average is $505.58. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.63.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

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.