PNC Financial Services Group Inc. Has $1.59 Billion Stock Position in Invesco QQQ (NASDAQ:QQQ)

PNC Financial Services Group Inc. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,116,706 shares of the exchange traded fund's stock after acquiring an additional 27,115 shares during the period. Invesco QQQ accounts for 1.1% of PNC Financial Services Group Inc.'s portfolio, making the stock its 10th biggest holding. PNC Financial Services Group Inc. owned about 0.49% of Invesco QQQ worth $1,593,354,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its position in Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after acquiring an additional 4,105,389 shares during the last quarter. Artemis Wealth Advisors LLC lifted its holdings in Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after acquiring an additional 895,277 shares during the last quarter. Toronto Dominion Bank lifted its stake in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Finally, Cibc World Market Inc. lifted its stake in Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund's stock valued at $350,764,000 after buying an additional 324,948 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

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Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $3.59 during mid-day trading on Friday, reaching $491.79. The company had a trading volume of 54,649,747 shares, compared to its average volume of 34,845,187. The stock has a fifty day moving average of $518.84 and a two-hundred day moving average of $503.99. The company has a market capitalization of $309.95 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.