First Commonwealth Financial Corp PA Purchases 151 Shares of Invesco QQQ (NASDAQ:QQQ)

First Commonwealth Financial Corp PA grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,402 shares of the exchange traded fund’s stock after buying an additional 151 shares during the quarter. First Commonwealth Financial Corp PA’s holdings in Invesco QQQ were worth $1,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares during the period. Strategic Financial Concepts LLC lifted its stake in shares of Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after purchasing an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after buying an additional 894,532 shares during the last quarter. Mirae Asset Securities USA Inc. bought a new stake in Invesco QQQ during the second quarter valued at approximately $215,600,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in Invesco QQQ by 6,880.6% during the second quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock valued at $189,530,000 after buying an additional 389,921 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.5 %

Shares of Invesco QQQ stock traded down $2.62 on Wednesday, hitting $506.69. 2,690,211 shares of the company’s stock were exchanged, compared to its average volume of 37,771,047. Invesco QQQ has a 1 year low of $382.66 and a 1 year high of $515.58. The company has a 50-day simple moving average of $494.46 and a 200-day simple moving average of $478.12.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 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.