IMA Wealth Inc. Has $830,000 Holdings in Invesco QQQ (NASDAQ:QQQ)

IMA Wealth Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,027 shares of the exchange traded fund’s stock after purchasing an additional 87 shares during the quarter. IMA Wealth Inc.’s holdings in Invesco QQQ were worth $830,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its position in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Invesco QQQ by 1.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after acquiring an additional 52,019 shares during the last quarter. Ameriprise Financial Inc. grew its position in Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Invesco QQQ by 5.2% in the third quarter. Commonwealth Equity Services LLC now owns 2,312,133 shares of the exchange traded fund’s stock valued at $828,368,000 after acquiring an additional 114,095 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Invesco QQQ by 2.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after purchasing an additional 43,000 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $6.55 during midday trading on Friday, hitting $431.00. 41,874,907 shares of the stock were exchanged, compared to its average volume of 47,550,872. The business’s 50-day moving average price is $436.88 and its 200 day moving average price is $410.11. Invesco QQQ has a 12 month low of $315.05 and a 12 month high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Monday, March 18th.

About Invesco QQQ

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.