Cullen Frost Bankers Inc. Has $5.50 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Cullen Frost Bankers Inc. trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,438 shares of the exchange traded fund’s stock after selling 34 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Invesco QQQ were worth $5,503,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Graypoint LLC increased its stake in shares of Invesco QQQ by 21.5% during the 3rd quarter. Graypoint LLC now owns 852 shares of the exchange traded fund’s stock worth $305,000 after purchasing an additional 151 shares during the last quarter. TIAA Trust National Association acquired a new position in Invesco QQQ during the third quarter worth approximately $10,890,000. Brady Family Wealth LLC raised its stake in Invesco QQQ by 3.8% in the third quarter. Brady Family Wealth LLC now owns 922 shares of the exchange traded fund’s stock valued at $330,000 after buying an additional 34 shares during the period. Portside Wealth Group LLC lifted its position in shares of Invesco QQQ by 10.0% in the third quarter. Portside Wealth Group LLC now owns 13,724 shares of the exchange traded fund’s stock valued at $4,918,000 after buying an additional 1,249 shares during the last quarter. Finally, SYM FINANCIAL Corp boosted its stake in shares of Invesco QQQ by 51.3% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,059 shares of the exchange traded fund’s stock worth $379,000 after acquiring an additional 359 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $440.06 on Thursday. The stock’s fifty day simple moving average is $436.66 and its 200 day simple moving average is $414.00. Invesco QQQ has a 1-year low of $321.32 and a 1-year high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, March 18th.

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.