Industrial Alliance Investment Management Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,383 shares of the exchange traded fund's stock after purchasing an additional 11,281 shares during the period. Invesco QQQ accounts for 59.6% of Industrial Alliance Investment Management Inc.'s holdings, making the stock its biggest holding. Industrial Alliance Investment Management Inc.'s holdings in Invesco QQQ were worth $74,738,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL raised its position in Invesco QQQ by 48.6% during the first quarter. Strategic Investment Solutions Inc. IL now owns 312 shares of the exchange traded fund's stock valued at $146,000 after purchasing an additional 102 shares during the period. Solitude Financial Services raised its position in Invesco QQQ by 3,647.4% during the first quarter. Solitude Financial Services now owns 15,327 shares of the exchange traded fund's stock valued at $7,187,000 after purchasing an additional 14,918 shares during the period. Clearstead Trust LLC raised its position in Invesco QQQ by 4.1% during the first quarter. Clearstead Trust LLC now owns 145,887 shares of the exchange traded fund's stock valued at $68,409,000 after purchasing an additional 5,745 shares during the period. Gill Capital Partners LLC raised its position in Invesco QQQ by 41.7% during the first quarter. Gill Capital Partners LLC now owns 20,410 shares of the exchange traded fund's stock valued at $9,571,000 after purchasing an additional 6,004 shares during the period. Finally, Allianz SE raised its position in Invesco QQQ by 29.1% during the first quarter. Allianz SE now owns 137,963 shares of the exchange traded fund's stock valued at $64,694,000 after purchasing an additional 31,105 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
Shares of QQQ stock opened at $553.88 on Monday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $574.63. The stock's 50 day simple moving average is $544.01 and its two-hundred day simple moving average is $510.67.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.
Invesco QQQ Company Profile
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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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