Fifth Third Securities Inc. Acquires 714 Shares of Invesco QQQ (NASDAQ:QQQ)

Fifth Third Securities Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 103,293 shares of the exchange traded fund’s stock after purchasing an additional 714 shares during the period. Invesco QQQ makes up approximately 4.5% of Fifth Third Securities Inc.’s holdings, making the stock its 3rd largest position. Fifth Third Securities Inc.’s holdings in Invesco QQQ were worth $45,922,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. International Assets Investment Management LLC lifted its stake in shares of Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $1,580,776,000. Commonwealth Equity Services LLC increased its position in shares of Invesco QQQ by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after purchasing an additional 162,691 shares during the period. Finally, CHURCHILL MANAGEMENT Corp raised its stake in shares of Invesco QQQ by 30.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock valued at $819,814,000 after purchasing an additional 433,317 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.6 %

QQQ opened at $481.92 on Tuesday. The firm’s fifty day moving average price is $454.85 and its two-hundred day moving average price is $436.77. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $487.20.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be given a dividend of $0.7615 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Monday, June 24th.

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.