Fiera Capital Corp Acquires 16,527 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• Fiera Capital Corp increased its stake in Invesco QQQ by 2.3% during the first quarter, owning 736,273 shares valued at approximately $345 million.
• Other institutional investors also made significant moves, with Gemsstock Ltd. increasing its holdings by 266.4%, now owning 293,500 shares worth about $150 million.
• Invesco QQQ has a current price of $568.14, with annual highs and lows of $569.04 and $402.39, respectively.

Fiera Capital Corp increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 736,273 shares of the exchange traded fund's stock after buying an additional 16,527 shares during the quarter. Invesco QQQ comprises approximately 1.2% of Fiera Capital Corp's portfolio, making the stock its 27th biggest holding. Fiera Capital Corp owned approximately 0.12% of Invesco QQQ worth $345,253,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in QQQ. Prevail Innovative Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 4.3% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after acquiring an additional 20 shares during the last quarter. Legacy Investment Solutions LLC raised its holdings in shares of Invesco QQQ by 8.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after acquiring an additional 20 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after acquiring an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. raised its holdings in shares of Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after acquiring an additional 21 shares during the last quarter. Finally, MTM Investment Management LLC raised its holdings in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after acquiring an additional 21 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.8%

NASDAQ:QQQ traded down $10.08 on Friday, hitting $554.93. The stock had a trading volume of 52,224,848 shares, compared to its average volume of 44,844,754. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $574.63. The firm's fifty day simple moving average is $543.12 and its two-hundred day simple moving average is $510.39.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

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.