Fifth Third Bancorp Has $11.59 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Fifth Third Bancorp lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,678 shares of the exchange traded fund’s stock after selling 805 shares during the period. Fifth Third Bancorp’s holdings in Invesco QQQ were worth $11,594,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Hoese & Co LLP boosted its stake in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC boosted its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in Invesco QQQ during the 3rd quarter worth about $62,000. Brooklyn Investment Group bought a new position in shares of Invesco QQQ in the 4th quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $529.63 on Friday. The stock’s 50-day moving average is $517.86 and its 200 day moving average is $493.31. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.