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Invesco QQQ $QQQ Shares Acquired by Mercer Global Advisors Inc. ADV

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Key Points

  • Mercer Global Advisors Inc. ADV boosted its stake in Invesco QQQ by 33.1% in Q3, buying 72,718 shares to hold 292,663 shares valued at about $175.7 million.
  • Invesco QQQ raised its quarterly dividend to $0.7941 (paid Dec. 31), equal to a $3.18 annualized payout and roughly a 0.5% yield, up from the prior $0.69 quarterly distribution.
  • Multiple large institutions (JPMorgan, HRT, Symphony, Kensington, etc.) also materially increased QQQ positions, institutional ownership is ~44.58%, and QQQ traded near $600 (up 1.1%) with a 12‑month range of $402.39–$637.01.
  • Interested in Invesco QQQ? Here are five stocks we like better.

Mercer Global Advisors Inc. ADV increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 33.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 292,663 shares of the exchange traded fund's stock after buying an additional 72,718 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Invesco QQQ were worth $175,706,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. 1832 Asset Management L.P. lifted its stake in shares of Invesco QQQ by 100.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund's stock valued at $1,167,000 after purchasing an additional 40,999,982 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth about $1,236,482,000. HRT Financial LP increased its position in shares of Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund's stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco QQQ by 42.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund's stock valued at $2,700,424,000 after buying an additional 1,457,109 shares during the period. Finally, Kensington Asset Management LLC raised its holdings in Invesco QQQ by 2,124.5% in the 2nd quarter. Kensington Asset Management LLC now owns 366,881 shares of the exchange traded fund's stock valued at $202,386,000 after buying an additional 350,388 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.1%

NASDAQ QQQ opened at $600.38 on Tuesday. The firm's 50-day moving average is $612.91 and its two-hundred day moving average is $609.09. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $0.7941 dividend. The ex-dividend date was Monday, December 22nd. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.69.

More Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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