Citizens Financial Group Inc. RI Has $65.52 Million Holdings in Invesco QQQ $QQQ

Citizens Financial Group Inc. RI cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 7.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 118,767 shares of the exchange traded fund’s stock after selling 9,818 shares during the period. Invesco QQQ comprises 1.1% of Citizens Financial Group Inc. RI’s investment portfolio, making the stock its 21st largest position. Citizens Financial Group Inc. RI’s holdings in Invesco QQQ were worth $65,516,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Wealth Group Ltd. boosted its stake in shares of Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after purchasing an additional 4,835 shares in the last quarter. Formidable Asset Management LLC grew its holdings in shares of Invesco QQQ by 4.8% during the first quarter. Formidable Asset Management LLC now owns 1,587 shares of the exchange traded fund’s stock worth $744,000 after purchasing an additional 73 shares during the last quarter. Finally, Csenge Advisory Group increased its stake in shares of Invesco QQQ by 9.2% in the first quarter. Csenge Advisory Group now owns 135,049 shares of the exchange traded fund’s stock valued at $59,975,000 after buying an additional 11,399 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.1%

Shares of NASDAQ QQQ opened at $608.86 on Friday. The company has a 50 day simple moving average of $605.86 and a 200 day simple moving average of $565.19. 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 Friday, October 31st. Stockholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ Company 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.