ST Germain D J Co. Inc. Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

ST Germain D J Co. Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,278 shares of the exchange traded fund’s stock after selling 24 shares during the period. ST Germain D J Co. Inc.’s holdings in Invesco QQQ were worth $653,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Granite Bay Wealth Management LLC raised its holdings in Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares in the last quarter. Toronto Dominion Bank raised its holdings 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 worth $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Invesco QQQ by 6,880.6% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock worth $189,530,000 after purchasing an additional 389,921 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after purchasing an additional 338,494 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $507.63 on Friday. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The firm has a fifty day simple moving average of $514.92 and a two-hundred day simple moving average of $490.97.

Invesco QQQ Announces Dividend

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