Invesco QQQ (NASDAQ:QQQ) Stake Raised by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,116,706 shares of the exchange traded fund’s stock after buying an additional 27,115 shares during the period. Invesco QQQ makes up approximately 1.1% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 10th largest holding. PNC Financial Services Group Inc.’s holdings in Invesco QQQ were worth $1,593,354,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. PayPay Securities Corp boosted its position in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $51,000. Finally, Legacy Bridge LLC boosted its position in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

Invesco QQQ stock opened at $491.79 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock’s 50 day simple moving average is $518.84 and its two-hundred day simple moving average is $503.83. The firm has a market cap of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The business 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.

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.