National Bank of Canada FI Purchases 65,221 Shares of Invesco QQQ (NASDAQ:QQQ)

National Bank of Canada FI raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 42.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 220,498 shares of the exchange traded fund's stock after buying an additional 65,221 shares during the period. National Bank of Canada FI's holdings in Invesco QQQ were worth $103,396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in shares of Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock valued at $11,300,023,000 after buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $2,775,904,000. Ameriprise Financial Inc. grew its stake in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the period. Commonwealth Equity Services LLC increased its holdings in Invesco QQQ by 2.3% in the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock worth $1,163,036,000 after purchasing an additional 54,944 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Invesco QQQ by 34.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after purchasing an additional 568,120 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.9%

Shares of QQQ stock opened at $574.55 on Friday. The stock has a 50 day simple moving average of $549.00 and a two-hundred day simple moving average of $512.37. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $574.77.

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 issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

About Invesco QQQ

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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