Huntington National Bank Acquires 2,581 Shares of Invesco QQQ (NASDAQ:QQQ)

Huntington National Bank increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.7% during the third quarter, HoldingsChannel reports. The firm owned 36,185 shares of the exchange traded fund’s stock after buying an additional 2,581 shares during the period. Huntington National Bank’s holdings in Invesco QQQ were worth $17,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Peak Asset Management LLC lifted its position in Invesco QQQ by 5.1% during the third quarter. Peak Asset Management LLC now owns 17,594 shares of the exchange traded fund’s stock valued at $8,587,000 after purchasing an additional 850 shares during the period. ROI Financial Advisors LLC purchased a new stake in Invesco QQQ during the 3rd quarter valued at $202,000. Fortis Capital Management LLC lifted its holdings in shares of Invesco QQQ by 10.9% during the 3rd quarter. Fortis Capital Management LLC now owns 6,111 shares of the exchange traded fund’s stock valued at $2,983,000 after buying an additional 602 shares during the period. Axim Planning & Wealth purchased a new position in shares of Invesco QQQ in the 3rd quarter worth $250,000. Finally, Schrum Private Wealth Management LLC grew its holdings in shares of Invesco QQQ by 84.6% in the third quarter. Schrum Private Wealth Management LLC now owns 2,112 shares of the exchange traded fund’s stock worth $1,031,000 after acquiring an additional 968 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.7 %

Invesco QQQ stock opened at $508.69 on Friday. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58. The stock has a fifty day moving average of $487.42 and a 200 day moving average of $473.42.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, September 23rd.

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.