iA Global Asset Management Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211,385 shares of the exchange traded fund's stock after purchasing an additional 7,868 shares during the period. Invesco QQQ makes up approximately 1.8% of iA Global Asset Management Inc.'s holdings, making the stock its 12th biggest position. iA Global Asset Management Inc.'s holdings in Invesco QQQ were worth $103,171,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in QQQ. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ during the second quarter valued at $30,000. CGC Financial Services LLC grew its position in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund's stock valued at $44,000 after purchasing an additional 81 shares in the last quarter. PFG Private Wealth Management LLC increased its stake in Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund's stock valued at $58,000 after buying an additional 103 shares during the period. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock valued at $59,000 after buying an additional 45 shares during the period. Finally, BNP Paribas purchased a new position in shares of Invesco QQQ during the 3rd quarter valued at $62,000. 44.58% of the stock is currently owned by institutional investors.
Shares of NASDAQ:QQQ opened at $526.48 on Friday. The business has a 50-day moving average of $498.80 and a two-hundred day moving average of $480.87. Invesco QQQ has a fifty-two week low of $386.96 and a fifty-two week high of $526.72.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.51%.
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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