Invesco QQQ (NASDAQ:QQQ) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,575 shares of the exchange traded fund's stock after selling 1,521 shares during the quarter. Mackenzie Financial Corp's holdings in Invesco QQQ were worth $55,507,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Stephens Consulting LLC increased its holdings in shares of Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock worth $2,769,000 after buying an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after purchasing an additional 20 shares during the period. RAM Investment Partners LLC boosted its position in shares of Invesco QQQ by 1.7% during the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after buying an additional 20 shares during the period. HighMark Wealth Management LLC raised its holdings in shares of Invesco QQQ by 5.2% in the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after buying an additional 20 shares during the period. Finally, Providence First Trust Co lifted its stake in Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $2.31 during trading on Wednesday, reaching $518.91. The company's stock had a trading volume of 43,942,443 shares, compared to its average volume of 37,431,232. The company has a market capitalization of $325.17 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The stock's 50-day moving average price is $476.24 and its 200 day moving average price is $500.91.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ 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.