Analyst IMS Investment Management Services Ltd. Purchases 103,562 Shares of Invesco QQQ (NASDAQ:QQQ)

Analyst IMS Investment Management Services Ltd. increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 932,175 shares of the exchange traded fund’s stock after purchasing an additional 103,562 shares during the period. Invesco QQQ makes up about 19.8% of Analyst IMS Investment Management Services Ltd.’s portfolio, making the stock its 2nd biggest holding. Analyst IMS Investment Management Services Ltd.’s holdings in Invesco QQQ were worth $381,745,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in QQQ. International Assets Investment Management LLC increased its holdings in shares of Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares during the period. Envestnet Asset Management Inc. raised its holdings in Invesco QQQ by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after acquiring an additional 52,019 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Invesco QQQ by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after acquiring an additional 162,691 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Invesco QQQ by 2.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after purchasing an additional 43,000 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.9 %

QQQ stock traded up $4.29 during midday trading on Friday, reaching $457.95. The company had a trading volume of 29,669,461 shares, compared to its average volume of 33,694,408. Invesco QQQ has a 1-year low of $336.67 and a 1-year high of $460.58. The stock has a 50 day moving average price of $439.25 and a 200-day moving average price of $422.03.

Invesco QQQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 18th.

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.