Citizens Financial Group Inc. RI boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 32.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,563 shares of the exchange traded fund's stock after buying an additional 29,816 shares during the quarter. Invesco QQQ makes up about 1.2% of Citizens Financial Group Inc. RI's holdings, making the stock its 17th largest position. Citizens Financial Group Inc. RI's holdings in Invesco QQQ were worth $59,819,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ in the 2nd quarter valued at approximately $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ in the first quarter valued at about $40,000. CGC Financial Services LLC increased its holdings in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund's stock valued at $44,000 after purchasing an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC increased its position in shares of Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund's stock valued at $58,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.2 %
Shares of NASDAQ:QQQ traded down $0.82 during trading on Thursday, hitting $502.35. 19,036,961 shares of the company were exchanged, compared to its average volume of 38,020,254. The firm has a fifty day moving average price of $491.83 and a two-hundred day moving average price of $476.02. Invesco QQQ has a fifty-two week low of $382.66 and a fifty-two week high of $515.58.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.
Invesco QQQ Profile
(
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.
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