Invesco QQQ (NASDAQ:QQQ) Shares Sold by Banco Santander S.A.

Banco Santander S.A. trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,205 shares of the exchange traded fund’s stock after selling 2,140 shares during the quarter. Banco Santander S.A.’s holdings in Invesco QQQ were worth $23,527,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the first quarter worth $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ in the 2nd quarter worth about $30,000. Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ during the first quarter worth approximately $40,000. CGC Financial Services LLC grew its holdings 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 worth $44,000 after buying an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC lifted its holdings in Invesco QQQ by 572.2% in the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 103 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $505.89 on Thursday. The firm’s 50-day moving average is $491.83 and its two-hundred day moving average is $476.02. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.54%. The ex-dividend date 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.