Invesco QQQ (NASDAQ:QQQ) is PNC Financial Services Group Inc.’s 9th Largest Position

Posted by Adam Masters on Nov 19th, 2024

PNC Financial Services Group Inc. lowered its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.1% in the third quarter, HoldingsChannel reports. The fund owned 3,089,591 shares of the exchange traded fund’s stock after selling 33,167 shares during the quarter. Invesco QQQ accounts for about 1.0% of PNC Financial Services Group Inc.’s portfolio, making the stock its 9th largest position. PNC Financial Services Group Inc.’s holdings in Invesco QQQ were worth $1,507,937,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ during the second quarter valued at approximately $30,000. Chelsea Counsel Co. purchased a new position in shares of Invesco QQQ in the first quarter valued at approximately $40,000. CGC Financial Services LLC boosted its stake in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares during the last quarter. Finally, PFG Private Wealth Management LLC increased its position in shares of Invesco QQQ by 572.2% during 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 in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $500.02 on Tuesday. The business has a fifty day moving average price of $490.25 and a 200 day moving average price of $475.35. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ Profile

(Free Report)

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.