First Citizens Bank & Trust Co. Cuts Stock Position in Invesco QQQ Trust (NASDAQ:QQQ)

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First Citizens Bank & Trust Co. trimmed its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,896 shares of the exchange traded fund’s stock after selling 464 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Invesco QQQ Trust were worth $1,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of QQQ. Rothschild Investment Corp IL boosted its holdings in shares of Invesco QQQ Trust by 0.4% in the 2nd quarter. Rothschild Investment Corp IL now owns 38,284 shares of the exchange traded fund’s stock worth $7,149,000 after purchasing an additional 140 shares in the last quarter. Bouchey Financial Group Ltd lifted its stake in shares of Invesco QQQ Trust by 1.9% in the 2nd quarter. Bouchey Financial Group Ltd now owns 354,266 shares of the exchange traded fund’s stock valued at $66,156,000 after acquiring an additional 6,731 shares during the last quarter. Joel Isaacson & Co. LLC lifted its stake in shares of Invesco QQQ Trust by 8.0% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,183 shares of the exchange traded fund’s stock valued at $1,528,000 after acquiring an additional 609 shares during the last quarter. PFS Investments Inc. bought a new stake in shares of Invesco QQQ Trust in the 2nd quarter valued at about $50,903,000. Finally, Truewealth LLC lifted its stake in shares of Invesco QQQ Trust by 2.5% in the 2nd quarter. Truewealth LLC now owns 3,342 shares of the exchange traded fund’s stock valued at $624,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 40.07% of the company’s stock.

NASDAQ QQQ opened at $182.55 on Friday. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $195.55. The stock has a 50-day moving average of $189.99 and a 200-day moving average of $182.42.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, June 25th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Monday, June 24th.

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.

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

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