Huntington National Bank Has $17.66 Million Position in Invesco QQQ (NASDAQ:QQQ)

Huntington National Bank raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,185 shares of the exchange traded fund's stock after acquiring an additional 2,581 shares during the quarter. Huntington National Bank's holdings in Invesco QQQ were worth $17,661,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ during the 1st quarter valued at $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth about $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ during the 1st quarter worth about $40,000. CGC Financial Services LLC grew its stake in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund's stock valued at $44,000 after buying an additional 81 shares during the last quarter. Finally, PFG Private Wealth Management LLC raised its holdings in 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 acquiring an additional 103 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded down $12.12 on Friday, hitting $496.57. The stock had a trading volume of 51,414,443 shares, compared to its average volume of 38,252,949. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58. The business's 50 day moving average is $488.38 and its two-hundred day moving average is $473.67.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Monday, September 23rd.

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.