Invesco QQQ $QQQ Shares Bought by Industrial Alliance Investment Management Inc.

Key Points

• Industrial Alliance Investment Management increased its QQQ stake by 4.3% in the second quarter, purchasing 8,696 additional shares for a total of 209,967 shares valued at approximately $154.6 million. QQQ represents 72.8% of the firm’s portfolio.
• Several other institutional investors also expanded their positions, including Bank of America and Corient Private Wealth, while institutional investors and hedge funds collectively own 44.58% of QQQ.
• QQQ traded at $706.32, down 1.0%, while its quarterly dividend rose to $0.8135 per share, equivalent to an annualized $3.25 dividend and a 0.5% yield.

Industrial Alliance Investment Management Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 209,967 shares of the exchange traded fund's stock after purchasing an additional 8,696 shares during the period. Invesco QQQ makes up about 72.8% of Industrial Alliance Investment Management Inc.'s holdings, making the stock its largest position. Industrial Alliance Investment Management Inc.'s holdings in Invesco QQQ were worth $154,620,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. Bank of America Corp DE lifted its stake in shares of Invesco QQQ by 381.0% in the fourth quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund's stock valued at $12,008,257,000 after purchasing an additional 26,505,055 shares during the period. Corient Private Wealth LLC increased its holdings in Invesco QQQ by 3,567.7% in the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund's stock valued at $13,168,912,000 after buying an additional 20,852,432 shares in the last quarter. Delta Global Management LP acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $821,084,000. Align Financial LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $78,118,000. Finally, Bank of Montreal Can boosted its stake in shares of Invesco QQQ by 142.4% during the 4th quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund's stock worth $877,406,000 after acquiring an additional 840,803 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.0%

NASDAQ QQQ opened at $706.32 on Tuesday. The business has a 50 day moving average price of $713.01 and a 200 day moving average price of $668.95. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were paid a $0.8135 dividend. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73.

Key Headlines Impacting Invesco QQQ

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

• Neutral Sentiment: Broad-market ETFs and U.S. equities were mixed to lower, suggesting a cautious trading environment rather than a QQQ-specific catalyst. Exchange-Traded Funds Fall, US Equities Mixed After Midday
• Neutral Sentiment: Technical traders are monitoring key support and resistance levels for QQQ and its largest holdings, including Apple, Microsoft, Nvidia, Alphabet, Meta Platforms and Tesla; this may contribute to short-term volatility. How To Trade SPY, QQQ And 6 Mega Caps
• Negative Sentiment: QQQ reportedly experienced outflows while S&P 500 ETFs attracted approximately $6.4 billion in a single day. The flow divergence points to possible investor rotation away from Nasdaq-100 growth exposure and toward broader-market funds. Quick Spark: $6.4 Billion Pours Into S&P 500 ETFs as QQQ Sees Outflows
• Negative Sentiment: A decline in major Nasdaq-100 components weighed on QQQ, whose performance is heavily concentrated in mega-cap technology companies. QQQ ETF Is Down Today
• Negative Sentiment: Investors are also assessing debt-market concerns, potential credit stress and upcoming volatility tied to Nvidia’s earnings and the Jackson Hole policy meeting. These risks can pressure high-valuation growth ETFs such as QQQ. Market Volatility Risk: Nvidia Earnings and Jackson Hole Next Week

Invesco QQQ Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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