Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,102 shares of the exchange traded fund’s stock after purchasing an additional 11,637 shares during the period. Invesco QQQ makes up about 58.8% of Industrial Alliance Investment Management Inc.’s investment portfolio, making the stock its biggest holding. Industrial Alliance Investment Management Inc.’s holdings in Invesco QQQ were worth $75,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC increased its holdings in Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares in the last quarter. Toronto Dominion Bank boosted its position in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock valued at $1,593,354,000 after buying an additional 27,115 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Invesco QQQ by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock valued at $1,239,886,000 after buying an additional 52,235 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $480.89 on Thursday. The firm has a 50-day moving average of $512.55 and a two-hundred day moving average of $503.99. The stock has a market cap of $303.08 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Company 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.