Invesco QQQ $QQQ Shares Acquired by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,673 shares of the exchange traded fund’s stock after acquiring an additional 10,260 shares during the quarter. Invesco QQQ makes up 67.2% of Industrial Alliance Investment Management Inc.’s investment portfolio, making the stock its biggest holding. Industrial Alliance Investment Management Inc.’s holdings in Invesco QQQ were worth $118,361,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in QQQ. Goodman Advisory Group LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $25,000. Shcp LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $27,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $40,000. Finally, Morgan Dempsey Capital Management LLC boosted its position in shares of Invesco QQQ by 45.5% in the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 25 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $708.93 on Friday. Invesco QQQ has a 52-week low of $505.58 and a 52-week high of $722.03. The business has a 50-day moving average price of $628.38 and a 200 day moving average price of $620.26.

Invesco QQQ Cuts Dividend

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

Key Headlines Impacting Invesco QQQ

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About Invesco QQQ

(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.

See Also

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

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