Citizens Financial Group Inc. RI Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Citizens Financial Group Inc. RI increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 892.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 92,747 shares of the exchange traded fund’s stock after acquiring an additional 83,403 shares during the period. Invesco QQQ accounts for about 1.0% of Citizens Financial Group Inc. RI’s holdings, making the stock its 19th biggest holding. Citizens Financial Group Inc. RI’s holdings in Invesco QQQ were worth $44,436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vantage Financial Partners LLC grew its holdings in shares of Invesco QQQ by 68.0% during the fourth quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock worth $12,101,000 after buying an additional 11,957 shares in the last quarter. Concentrum Wealth Management grew its stake in Invesco QQQ by 15.4% during the 4th quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock valued at $6,004,000 after acquiring an additional 1,962 shares in the last quarter. Rollins Financial raised its holdings in Invesco QQQ by 11.8% in the 4th quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock valued at $76,822,000 after acquiring an additional 19,785 shares during the last quarter. Gryphon Financial Partners LLC lifted its stake in Invesco QQQ by 30.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock worth $1,248,000 after purchasing an additional 706 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Invesco QQQ by 1.2% in the 4th quarter. Principal Financial Group Inc. now owns 8,437 shares of the exchange traded fund’s stock worth $3,455,000 after purchasing an additional 102 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $475.34 on Monday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business has a 50 day simple moving average of $470.09 and a 200-day simple moving average of $457.36.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was 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.