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Invesco QQQ $QQQ Holdings Raised by Comerica Bank

Invesco QQQ logo with Finance background
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Key Points

  • Comerica Bank raised its stake in Invesco QQQ by 6.4%, buying 8,643 shares to hold 143,840 shares valued at about $86.36 million per its latest SEC filing.
  • Invesco QQQ increased its quarterly dividend to $0.7941 (annualized $3.18), up from $0.69, implying a yield of roughly 0.5%.
  • The near‑term market picture for QQQ is mixed: pre‑market buying interest was noted, but risk‑off flows and concerns about concentration in mega‑cap "Magnificent Seven" names could weigh on the ETF.
  • Five stocks to consider instead of Invesco QQQ.

Comerica Bank lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 143,840 shares of the exchange traded fund's stock after purchasing an additional 8,643 shares during the quarter. Comerica Bank's holdings in Invesco QQQ were worth $86,357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of QQQ. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Jupiter Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the second quarter worth $290,000. Wealth Group Ltd. boosted its position in shares of Invesco QQQ by 283.7% in the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund's stock worth $13,587,000 after buying an additional 18,210 shares during the period. Finally, Ignite Planners LLC boosted its position in shares of Invesco QQQ by 2.0% in the second quarter. Ignite Planners LLC now owns 8,149 shares of the exchange traded fund's stock worth $4,574,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ News Roundup

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

Invesco QQQ Trading Down 0.6%

Shares of QQQ stock opened at $593.72 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The stock's fifty day simple moving average is $613.26 and its 200-day simple moving average is $608.43.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.7941 per share. This is a boost from Invesco QQQ's previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 annualized dividend and a yield of 0.5%.

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.

See Also

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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