Mackenzie Financial Corp Sells 1,521 Shares of Invesco QQQ (NASDAQ:QQQ)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Forum Financial Management LP raised its stake in shares of Invesco QQQ by 19.4% during the fourth quarter. Forum Financial Management LP now owns 5,335 shares of the exchange traded fund's stock valued at $2,727,000 after acquiring an additional 867 shares during the last quarter. Baer Investment Advisory LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $2,143,000. Griffith & Werner Inc. bought a new position in Invesco QQQ during the 4th quarter valued at approximately $583,000. Michels Family Financial LLC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $2,176,000. Finally, Westfuller Advisors LLC lifted its stake in Invesco QQQ by 1.2% in the fourth quarter. Westfuller Advisors LLC now owns 5,124 shares of the exchange traded fund's stock worth $2,619,000 after acquiring an additional 59 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.4%

NASDAQ QQQ traded up $1.88 during trading on Thursday, hitting $520.79. The company had a trading volume of 32,916,421 shares, compared to its average volume of 37,473,067. The company's fifty day moving average is $477.01 and its 200-day moving average is $501.03. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a market cap of $326.36 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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