Comerica Bank lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 137,523 shares of the exchange traded fund's stock after selling 6,317 shares during the period. Comerica Bank's holdings in Invesco QQQ were worth $84,482,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in QQQ. Goodman Advisory Group LLC acquired a new position in shares of Invesco QQQ in the third quarter worth $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ in the third quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Invesco QQQ in the third quarter worth $40,000. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock worth $41,000 after acquiring an additional 30 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Invesco QQQ in the third quarter worth $42,000. Institutional investors and hedge funds 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 Stock Performance
NASDAQ:QQQ opened at $664.23 on Tuesday. The company has a fifty day simple moving average of $607.34 and a two-hundred day simple moving average of $612.79. Invesco QQQ has a 52 week low of $462.43 and a 52 week high of $664.51.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.
Invesco QQQ Company Profile
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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.
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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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