CENTRAL TRUST Co reduced its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,134 shares of the exchange traded fund’s stock after selling 782 shares during the period. CENTRAL TRUST Co’s holdings in Invesco QQQ were worth $14,894,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Fifth Third Bancorp lifted its position in Invesco QQQ by 9.6% in the third quarter. Fifth Third Bancorp now owns 164,498 shares of the exchange traded fund’s stock worth $121,690,000 after buying an additional 14,377 shares during the last quarter. Three Bridge Wealth Advisors LLC boosted its stake in Invesco QQQ by 1.1% during the third quarter. Three Bridge Wealth Advisors LLC now owns 36,422 shares of the exchange traded fund’s stock worth $26,971,000 after buying an additional 399 shares during the period. Spectrum Planning & Advisory Services Inc. increased its position in Invesco QQQ by 24.8% during the third quarter. Spectrum Planning & Advisory Services Inc. now owns 1,025 shares of the exchange traded fund’s stock valued at $758,000 after acquiring an additional 204 shares during the last quarter. NBH Bank increased its position in Invesco QQQ by 14.0% during the third quarter. NBH Bank now owns 1,165 shares of the exchange traded fund’s stock valued at $862,000 after acquiring an additional 143 shares during the last quarter. Finally, Granville Capital Inc. increased its position in Invesco QQQ by 5.7% during the third quarter. Granville Capital Inc. now owns 40,499 shares of the exchange traded fund’s stock valued at $29,960,000 after acquiring an additional 2,185 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Price Performance
Shares of QQQ opened at $690.38 on Thursday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The company’s fifty day simple moving average is $719.04 and its 200-day simple moving average is $681.26.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were issued a dividend of $0.7514 per share. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135.
Invesco QQQ News Summary
Investors following QQQ have been watching these news items:
- Positive Sentiment: U.S. equities advanced after midday on Nov. 11, offering a supportive backdrop for QQQ following the prior session’s weakness. Exchange-Traded Funds Higher as US Equities Advance After Midday
- Positive Sentiment: Chip stocks helped drive a strong Nasdaq-100 session on Nov. 10, signaling some appetite to buy technology shares despite volatility. Whether that rebound can hold remains uncertain. The Nasdaq-100 Just Had Its Best Day Since March Without Nvidia’s Help
- Neutral Sentiment: QQQ’s reported holdings grew across its portfolio, including an additional $206.7 million in Apple on Nov. 9. This describes fund holdings activity but does not, by itself, establish a change in investor demand for QQQ. Invesco QQQ Trust (QQQ) Buys $206.7 Million More Apple on Nov. 9
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.
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