Huntington National Bank Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Huntington National Bank boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,185 shares of the exchange traded fund’s stock after buying an additional 2,581 shares during the period. Huntington National Bank’s holdings in Invesco QQQ were worth $17,661,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the 1st quarter worth about $28,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ during the second quarter valued at approximately $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $40,000. CGC Financial Services LLC boosted its position in shares of 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 purchasing an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC grew its stake in shares of Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 103 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.7 %

Shares of NASDAQ:QQQ opened at $508.69 on Friday. The stock has a fifty day simple moving average of $487.42 and a two-hundred day simple moving average of $473.42. Invesco QQQ has a 12-month low of $382.66 and a 12-month high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, September 23rd.

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.