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

Industrial Alliance Investment Management Inc. raised its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 6.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 182,413 shares of the exchange traded fund’s stock after buying an additional 11,011 shares during the period. Invesco QQQ comprises approximately 66.1% of Industrial Alliance Investment Management Inc.’s holdings, making the stock its largest position. Industrial Alliance Investment Management Inc.’s holdings in Invesco QQQ were worth $109,515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Lloyd Advisory Services LLC. bought a new stake in Invesco QQQ during the third quarter worth approximately $1,540,000. FWG Holdings LLC boosted its stake in Invesco QQQ by 1.5% during the 3rd quarter. FWG Holdings LLC now owns 33,950 shares of the exchange traded fund’s stock valued at $21,585,000 after purchasing an additional 487 shares in the last quarter. New Wave Wealth Advisors LLC increased its position in shares of Invesco QQQ by 0.9% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 10,804 shares of the exchange traded fund’s stock valued at $6,494,000 after purchasing an additional 99 shares during the period. Leelyn Smith LLC raised its stake in shares of Invesco QQQ by 6.7% in the 3rd quarter. Leelyn Smith LLC now owns 8,098 shares of the exchange traded fund’s stock worth $4,862,000 after buying an additional 507 shares in the last quarter. Finally, Olympiad Research LP raised its stake in shares of Invesco QQQ by 55.6% in the 3rd quarter. Olympiad Research LP now owns 3,601 shares of the exchange traded fund’s stock worth $2,162,000 after buying an additional 1,287 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ News Summary

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

Invesco QQQ Stock Up 0.7%

Shares of QQQ stock opened at $620.76 on Friday. The stock has a 50-day simple moving average of $616.24 and a 200 day simple moving average of $597.20. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a dividend of $0.7941 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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.

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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)

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