Invesco QQQ $QQQ Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. reduced its position in Invesco QQQ (NASDAQ:QQQ) by 2.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,666 shares of the exchange traded fund’s stock after selling 147 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Invesco QQQ were worth $3,126,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC acquired a new position in shares of Invesco QQQ during the 2nd quarter worth $30,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ during the 2nd quarter worth $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the 1st quarter worth $51,000. Finally, Blume Capital Management Inc. grew its stake in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.8%

NASDAQ:QQQ opened at $610.58 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The firm’s fifty day simple moving average is $589.82 and its 200-day simple moving average is $544.88.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.