Cullen Frost Bankers Inc. Sells 34 Shares of Invesco QQQ (NASDAQ:QQQ)

Cullen Frost Bankers Inc. lowered its position in Invesco QQQ (NASDAQ:QQQ) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,438 shares of the exchange traded fund’s stock after selling 34 shares during the period. Cullen Frost Bankers Inc.’s holdings in Invesco QQQ were worth $5,503,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares during the last quarter. Comerica Bank bought a new stake in Invesco QQQ during the third quarter worth $140,657,000. Granite Bay Wealth Management LLC boosted its position in Invesco QQQ by 47.1% in the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after purchasing an additional 378,922 shares during the last quarter. CHURCHILL MANAGEMENT Corp grew its stake in Invesco QQQ by 36.3% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock valued at $578,680,000 after purchasing an additional 376,661 shares during the period. Finally, Cerity Partners LLC grew its stake in Invesco QQQ by 77.2% in the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock valued at $345,182,000 after purchasing an additional 367,317 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.1 %

NASDAQ QQQ opened at $440.06 on Thursday. The business’s fifty day moving average is $436.66 and its 200-day moving average is $414.00. Invesco QQQ has a one year low of $321.32 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were issued a dividend of $0.5735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

About Invesco QQQ

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.