Invesco QQQ (NASDAQ:QQQ) Shares Acquired by World Equity Group Inc.

World Equity Group Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 15.7% in the fourth quarter, Holdings Channel reports. The firm owned 20,818 shares of the exchange traded fund’s stock after buying an additional 2,828 shares during the quarter. Invesco QQQ accounts for approximately 2.3% of World Equity Group Inc.’s holdings, making the stock its 6th biggest holding. World Equity Group Inc.’s holdings in Invesco QQQ were worth $10,643,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in QQQ. Strategic Financial Concepts LLC boosted its position in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after buying an additional 4,105,389 shares during the period. Toronto Dominion Bank boosted its position in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares during the period. Cibc World Market Inc. boosted its position in shares of Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after buying an additional 324,948 shares during the period. Bell Bank boosted its position in shares of Invesco QQQ by 112.7% during the fourth quarter. Bell Bank now owns 381,080 shares of the exchange traded fund’s stock worth $194,820,000 after buying an additional 201,918 shares during the period. Finally, Empirical Asset Management LLC boosted its position in shares of Invesco QQQ by 15,676.3% during the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after buying an additional 201,597 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 2.1 %

QQQ stock opened at $526.08 on Friday. The business has a 50-day moving average of $523.39 and a 200-day moving average of $501.12. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.