Industrial Alliance Investment Management Inc. Acquires 11,011 Shares of Invesco QQQ $QQQ

Industrial Alliance Investment Management Inc. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 182,413 shares of the exchange traded fund’s stock after buying an additional 11,011 shares during the period. Invesco QQQ accounts for approximately 66.1% of Industrial Alliance Investment Management Inc.’s holdings, making the stock its biggest position. Industrial Alliance Investment Management Inc.’s holdings in Invesco QQQ were worth $109,515,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Navigoe LLC boosted its position in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares during the period. PayPay Securities Corp grew its stake in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Invesco QQQ during the 3rd quarter worth $42,000. Finally, Moser Wealth Advisors LLC increased its position in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Invesco QQQ News

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

Invesco QQQ Trading Up 0.7%

QQQ stock opened at $620.76 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The stock’s fifty day moving average is $616.24 and its two-hundred day moving average is $597.20.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given 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 dividend yield of 0.5%. The ex-dividend date 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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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