Huntington National Bank Trims Stock Position in Invesco QQQ Trust (NASDAQ:QQQ)

Huntington National Bank lowered its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 8.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 12,091 shares of the exchange traded fund’s stock after selling 1,057 shares during the period. Huntington National Bank’s holdings in Invesco QQQ Trust were worth $2,283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Boston Private Wealth LLC grew its position in shares of Invesco QQQ Trust by 37.4% during the 3rd quarter. Boston Private Wealth LLC now owns 25,620 shares of the exchange traded fund’s stock valued at $4,837,000 after acquiring an additional 6,968 shares during the period. Parallel Advisors LLC grew its position in shares of Invesco QQQ Trust by 3.9% during the 3rd quarter. Parallel Advisors LLC now owns 36,780 shares of the exchange traded fund’s stock valued at $6,944,000 after acquiring an additional 1,374 shares during the period. Traynor Capital Management Inc. grew its position in shares of Invesco QQQ Trust by 11.1% during the 3rd quarter. Traynor Capital Management Inc. now owns 12,706 shares of the exchange traded fund’s stock valued at $2,399,000 after acquiring an additional 1,271 shares during the period. Moloney Securities Asset Management LLC grew its position in shares of Invesco QQQ Trust by 1.8% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,282 shares of the exchange traded fund’s stock valued at $2,508,000 after acquiring an additional 234 shares during the period. Finally, First National Trust Co grew its position in shares of Invesco QQQ Trust by 24.5% during the 3rd quarter. First National Trust Co now owns 3,985 shares of the exchange traded fund’s stock valued at $752,000 after acquiring an additional 783 shares during the period. Institutional investors and hedge funds own 42.79% of the company’s stock.

Shares of NASDAQ:QQQ traded up $0.40 during trading on Friday, reaching $200.83. 941,942 shares of the company’s stock traded hands, compared to its average volume of 21,631,316. Invesco QQQ Trust has a fifty-two week low of $143.46 and a fifty-two week high of $201.72. The company has a 50-day simple moving average of $192.20 and a 200-day simple moving average of $188.14.

The company also recently disclosed a — dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, September 24th were issued a $0.3842 dividend. This represents a yield of 0.8%. The ex-dividend date was Monday, September 23rd.

About Invesco QQQ Trust

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.

Read More: Index Funds

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply