Huntington National Bank boosted its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,234 shares of the exchange traded fund’s stock after buying an additional 294 shares during the period. Huntington National Bank’s holdings in Invesco QQQ Trust were worth $2,038,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Invesco QQQ Trust by 4.4% during the first quarter. FMR LLC now owns 155,853 shares of the exchange traded fund’s stock worth $28,000,000 after purchasing an additional 6,637 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Invesco QQQ Trust by 13.3% in the fourth quarter. Bank of New York Mellon Corp now owns 87,716 shares of the exchange traded fund’s stock valued at $18,648,000 after purchasing an additional 10,289 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Invesco QQQ Trust by 9.5% during the fourth quarter. Alliancebernstein L.P. now owns 7,630 shares of the exchange traded fund’s stock valued at $1,622,000 after acquiring an additional 660 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Invesco QQQ Trust by 0.3% during the fourth quarter. Sunbelt Securities Inc. now owns 17,784 shares of the exchange traded fund’s stock valued at $3,781,000 after acquiring an additional 50 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Invesco QQQ Trust by 2.1% during the fourth quarter. Franklin Resources Inc. now owns 11,679 shares of the exchange traded fund’s stock valued at $2,484,000 after acquiring an additional 238 shares during the last quarter. 42.71% of the stock is owned by institutional investors.
Separately, ValuEngine downgraded Invesco QQQ Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd.
NASDAQ QQQ opened at $265.79 on Friday. The business’s 50-day moving average price is $252.05 and its 200 day moving average price is $224.26. Invesco QQQ Trust has a twelve month low of $164.93 and a twelve month high of $269.79.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 23rd were issued a $0.424 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 0.64%. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Monday, June 22nd.
Invesco QQQ Trust 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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