Invesco QQQ $QQQ Position Increased by Fulton Bank N.A.

Key Points

• Fulton Bank N.A. increased its holdings in Invesco QQQ by 11.4%, bringing their total to 5,452 shares valued at approximately $3 million.
• Goldman Sachs Group Inc. dramatically enhanced its position in Invesco QQQ by 959.6%, owning over 24 million shares worth $11.3 billion.
• Invesco QQQ's recent quarterly dividend was $0.5911 per share, representing an annual yield of 0.4%, reflecting the company's ongoing commitment to shareholder returns.

Fulton Bank N.A. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,452 shares of the exchange traded fund's stock after purchasing an additional 557 shares during the quarter. Fulton Bank N.A.'s holdings in Invesco QQQ were worth $3,008,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Compass Financial Services Inc grew its position in Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after purchasing an additional 19 shares in the last quarter. MTM Investment Management LLC grew its position in Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after purchasing an additional 21 shares in the last quarter. Cutler Investment Counsel LLC grew its position in Invesco QQQ by 1.4% during the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after purchasing an additional 21 shares in the last quarter. Mosaic Family Wealth Partners LLC grew its position in Invesco QQQ by 1.6% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock worth $707,000 after purchasing an additional 22 shares in the last quarter. Finally, Riverbend Wealth Management LLC grew its position in Invesco QQQ by 0.3% during the 1st quarter. Riverbend Wealth Management LLC now owns 8,172 shares of the exchange traded fund's stock worth $3,832,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.9%

NASDAQ QQQ traded up $5.32 on Thursday, hitting $595.32. 60,907,904 shares of the stock were exchanged, compared to its average volume of 46,383,692. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $598.14. The company's 50-day moving average price is $571.28 and its two-hundred day moving average price is $522.90.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ 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.