Fifth Third Securities Inc. Has $44.69 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Fifth Third Securities Inc. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,572 shares of the exchange traded fund’s stock after selling 10,336 shares during the period. Invesco QQQ makes up about 4.2% of Fifth Third Securities Inc.’s holdings, making the stock its 2nd largest holding. Fifth Third Securities Inc.’s holdings in Invesco QQQ were worth $44,693,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Atwater Malick LLC bought a new stake in Invesco QQQ during the first quarter valued at $293,000. Westwood Holdings Group Inc. boosted its stake in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after buying an additional 1,993 shares during the period. GenWealth Group Inc. boosted its stake in Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after buying an additional 2,325 shares during the period. Socha Financial Group LLC boosted its stake in Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after buying an additional 1,153 shares during the period. Finally, SVB Wealth LLC boosted its stake in Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after buying an additional 2,453 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $497.50 on Tuesday. The stock has a fifty day moving average of $473.79 and a 200 day moving average of $463.77. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%.

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.