Invesco QQQ $QQQ Stake Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,974,572 shares of the exchange traded fund’s stock after selling 61,891 shares during the quarter. Invesco QQQ makes up approximately 1.0% of PNC Financial Services Group Inc.’s portfolio, making the stock its 10th largest holding. PNC Financial Services Group Inc.’s holdings in Invesco QQQ were worth $1,716,864,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in Invesco QQQ by 381.0% in the fourth quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock valued at $12,008,257,000 after acquiring an additional 26,505,055 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Invesco QQQ by 3,567.7% during the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after purchasing an additional 20,852,432 shares during the last quarter. Delta Global Management LP purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $821,084,000. Align Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $78,118,000. Finally, SG Americas Securities LLC raised its holdings in shares of Invesco QQQ by 120.2% in the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after purchasing an additional 1,270,102 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.9%

Invesco QQQ stock opened at $708.97 on Wednesday. The business’s 50 day simple moving average is $720.10 and its 200 day simple moving average is $654.57. Invesco QQQ has a 12 month low of $551.68 and a 12 month high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were paid a $0.8135 dividend. The ex-dividend date was Monday, June 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a dividend yield of 0.5%.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(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.

Further Reading

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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