Invesco QQQ (NASDAQ:QQQ) Stake Boosted by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,639 shares of the exchange traded fund’s stock after buying an additional 20,100 shares during the period. CIBC Private Wealth Group LLC’s holdings in Invesco QQQ were worth $45,719,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. International Assets Investment Management LLC boosted its position in shares of Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares during the period. Envestnet Asset Management Inc. lifted 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 worth $1,623,380,000 after purchasing an additional 52,019 shares during the period. Ameriprise Financial Inc. lifted 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 worth $1,530,696,000 after purchasing an additional 243,305 shares during the period. Commonwealth Equity Services LLC lifted its position in Invesco QQQ by 7.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after purchasing an additional 162,691 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Invesco QQQ by 2.4% in 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 period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ opened at $454.37 on Wednesday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $460.58. The business has a 50 day moving average price of $440.92 and a two-hundred day moving average price of $426.00.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.50%.

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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