Invesco QQQ (NASDAQ:QQQ) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,564,371 shares of the exchange traded fund’s stock after selling 133,427 shares during the quarter. Invesco QQQ makes up approximately 1.5% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 6th largest holding. PNC Financial Services Group Inc. owned approximately 0.79% of Invesco QQQ worth $1,869,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summit X LLC lifted its position in Invesco QQQ by 0.4% in the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after buying an additional 24 shares during the last quarter. IMA Wealth Inc. lifted its position in Invesco QQQ by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after buying an additional 25 shares during the last quarter. S.A. Mason LLC lifted its position in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after buying an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC lifted its position in Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after buying an additional 25 shares during the last quarter. Finally, Cedrus LLC lifted its position in Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.0 %

Shares of Invesco QQQ stock opened at $463.37 on Friday. The business’s 50 day simple moving average is $441.68 and its two-hundred day simple moving average is $426.52. Invesco QQQ has a one year low of $342.35 and a one year high of $464.54.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.50%.

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

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