60,450 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 60,450 shares of the exchange traded fund's stock, valued at approximately $21,657,000. Invesco QQQ comprises 2.1% of Financiere des Professionnels Fonds d investissement inc.'s investment portfolio, making the stock its 6th largest position.

A number of other hedge funds have also added to or reduced their stakes in QQQ. Fusion Capital LLC boosted its stake in shares of Invesco QQQ by 3.9% in the 2nd quarter. Fusion Capital LLC now owns 747 shares of the exchange traded fund's stock worth $276,000 after buying an additional 28 shares during the last quarter. Retirement Guys Formula LLC raised its holdings in shares of Invesco QQQ by 1.9% in the 3rd quarter. Retirement Guys Formula LLC now owns 1,502 shares of the exchange traded fund's stock worth $538,000 after purchasing an additional 28 shares during the period. ML & R Wealth Management LLC raised its holdings in shares of Invesco QQQ by 2.9% in the 3rd quarter. ML & R Wealth Management LLC now owns 999 shares of the exchange traded fund's stock worth $358,000 after purchasing an additional 28 shares during the period. 180 Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 1.2% in the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund's stock worth $870,000 after purchasing an additional 29 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in shares of Invesco QQQ by 2.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,213 shares of the exchange traded fund's stock worth $435,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 43.95% of the company's stock.

Invesco QQQ Trading Up 0.2 %

QQQ stock traded up $0.80 during midday trading on Thursday, reaching $432.79. 29,820,367 shares of the company's stock traded hands, compared to its average volume of 45,440,512. The company has a 50-day moving average price of $408.93 and a two-hundred day moving average price of $383.50. Invesco QQQ has a 52 week low of $285.19 and a 52 week high of $433.56.

Invesco QQQ Announces Dividend

The firm also recently announced a None dividend, which was paid on Monday, January 15th. Shareholders of record on Thursday, December 28th were issued a dividend of $0.2158 per share. The ex-dividend date of this dividend was Wednesday, December 27th.

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.

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