Invesco QQQ (NASDAQ:QQQ) is PNC Financial Services Group Inc.’s 10th Largest Position

PNC Financial Services Group Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,116,706 shares of the exchange traded fund’s stock after acquiring an additional 27,115 shares during the quarter. Invesco QQQ makes up about 1.1% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 10th largest position. PNC Financial Services Group Inc. owned approximately 0.49% of Invesco QQQ worth $1,593,354,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC increased its holdings in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after acquiring an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC increased its holdings in shares of Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after acquiring an additional 895,277 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Finally, Cibc World Market Inc. increased its holdings in shares of Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after acquiring an additional 324,948 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.7 %

QQQ opened at $491.79 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The company has a market cap of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11. The firm’s 50-day moving average price is $518.84 and its 200-day moving average price is $503.83.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.