Citizens Financial Group Inc. RI raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,869 shares of the exchange traded fund's stock after purchasing an additional 2,306 shares during the period. Invesco QQQ accounts for about 1.2% of Citizens Financial Group Inc. RI's holdings, making the stock its 17th biggest position. Citizens Financial Group Inc. RI's holdings in Invesco QQQ were worth $63,837,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Sage Mountain Advisors LLC lifted its position in Invesco QQQ by 16.7% during the 4th quarter. Sage Mountain Advisors LLC now owns 13,987 shares of the exchange traded fund's stock worth $7,151,000 after acquiring an additional 1,999 shares during the period. Net Worth Advisory Group grew its position in Invesco QQQ by 15.1% in the 4th quarter. Net Worth Advisory Group now owns 3,928 shares of the exchange traded fund's stock valued at $2,008,000 after buying an additional 514 shares during the last quarter. Riverbend Wealth Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $4,185,000. Carnegie Mellon University purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $31,108,000. Finally, Clare Market Investments LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $8,097,000. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
NASDAQ:QQQ traded down $1.13 during mid-day trading on Tuesday, reaching $471.60. The stock had a trading volume of 68,432,878 shares, compared to its average volume of 35,098,647. The business has a 50 day simple moving average of $517.19 and a 200 day simple moving average of $504.07. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The firm has a market capitalization of $297.23 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.
Invesco QQQ Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
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.
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