Invesco QQQ (NASDAQ:QQQ) is Fifth Third Securities Inc.’s Largest Position

Fifth Third Securities Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,908 shares of the exchange traded fund’s stock after selling 1,385 shares during the period. Invesco QQQ accounts for approximately 4.5% of Fifth Third Securities Inc.’s portfolio, making the stock its largest holding. Fifth Third Securities Inc.’s holdings in Invesco QQQ were worth $48,903,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the 1st quarter worth about $28,000. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ in the first quarter worth approximately $29,000. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $35,000. Finally, Red Tortoise LLC lifted its position in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $0.97 during trading on Monday, reaching $451.38. The company had a trading volume of 27,729,240 shares, compared to its average volume of 41,113,539. The company has a fifty day moving average of $473.75 and a two-hundred day moving average of $450.67. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were given a dividend of $0.7615 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.67%.

About Invesco QQQ

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.