Citizens Financial Group Inc. RI Sells 5,000 Shares of Invesco QQQ $QQQ

Citizens Financial Group Inc. RI cut its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 4.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 119,032 shares of the exchange traded fund’s stock after selling 5,000 shares during the period. Invesco QQQ makes up about 1.0% of Citizens Financial Group Inc. RI’s investment portfolio, making the stock its 24th biggest holding. Citizens Financial Group Inc. RI’s holdings in Invesco QQQ were worth $73,122,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of QQQ. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ in the third quarter worth about $25,000. Shcp LLC bought a new position in Invesco QQQ in the third quarter worth approximately $27,000. Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth $29,000. Measured Wealth Private Client Group LLC purchased a new position in Invesco QQQ in the third quarter valued at about $40,000. Finally, PayPay Securities Corp grew its stake in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

More Invesco QQQ News

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

Invesco QQQ Trading Up 0.9%

Shares of Invesco QQQ stock opened at $667.74 on Friday. The company has a 50-day simple moving average of $610.87 and a two-hundred day simple moving average of $613.98. Invesco QQQ has a one year low of $476.78 and a one year high of $668.90.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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.

Read More

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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