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

Industrial Alliance Investment Management Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,402 shares of the exchange traded fund’s stock after purchasing an additional 12,019 shares during the period. Invesco QQQ comprises approximately 63.6% of Industrial Alliance Investment Management Inc.’s investment portfolio, making the stock its biggest position. Industrial Alliance Investment Management Inc.’s holdings in Invesco QQQ were worth $94,552,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ in the second quarter valued at about $30,000. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the second quarter worth about $41,000. Blume Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the last quarter. Moser Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC boosted its stake in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.5%

Shares of Invesco QQQ stock opened at $629.07 on Friday. The firm’s 50 day moving average is $596.70 and its 200 day moving average is $553.82. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. The ex-dividend date of this dividend was Monday, September 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%.

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.