Huntington National Bank Sells 200 Shares of Invesco QQQ (NASDAQ:QQQ)

Huntington National Bank trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,985 shares of the exchange traded fund’s stock after selling 200 shares during the quarter. Huntington National Bank’s holdings in Invesco QQQ were worth $18,397,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Private Portfolio Partners LLC increased its stake in shares of Invesco QQQ by 1.0% during the 4th quarter. Private Portfolio Partners LLC now owns 13,758 shares of the exchange traded fund’s stock worth $7,034,000 after purchasing an additional 130 shares during the last quarter. Intrepid Capital Management Inc. grew its holdings in Invesco QQQ by 8.4% during the fourth quarter. Intrepid Capital Management Inc. now owns 2,994 shares of the exchange traded fund’s stock worth $1,530,000 after purchasing an additional 231 shares during the period. Allie Family Office LLC increased its position in Invesco QQQ by 86.3% during the fourth quarter. Allie Family Office LLC now owns 5,149 shares of the exchange traded fund’s stock worth $2,632,000 after buying an additional 2,385 shares during the last quarter. Front Row Advisors LLC raised its stake in Invesco QQQ by 1.5% in the fourth quarter. Front Row Advisors LLC now owns 3,658 shares of the exchange traded fund’s stock valued at $1,870,000 after buying an additional 53 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $10,118,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

QQQ stock opened at $476.15 on Thursday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The business’s 50 day simple moving average is $505.23 and its 200 day simple moving average is $505.09. The firm has a market capitalization of $302.05 billion, a PE ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

Invesco QQQ 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.