Invesco QQQ $QQQ Shares Sold by SouthState Bank Corp

SouthState Bank Corp cut its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 44.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,786 shares of the exchange traded fund’s stock after selling 6,263 shares during the quarter. SouthState Bank Corp’s holdings in Invesco QQQ were worth $4,674,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in QQQ. 1832 Asset Management L.P. increased its holdings in shares of Invesco QQQ by 100.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock valued at $1,167,000 after acquiring an additional 40,999,982 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at $1,236,482,000. HRT Financial LP grew its position in Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after buying an additional 1,457,109 shares during the last quarter. Finally, Kensington Asset Management LLC grew its stake in shares of Invesco QQQ by 2,124.5% in the 2nd quarter. Kensington Asset Management LLC now owns 366,881 shares of the exchange traded fund’s stock valued at $202,386,000 after purchasing an additional 350,388 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $605.75 on Thursday. The company’s fifty day moving average is $620.23 and its two-hundred day moving average is $601.72. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $0.7941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

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

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