Invesco QQQ (NASDAQ:QQQ) Position Boosted by Cibc World Market Inc.

Cibc World Market Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 90.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 686,117 shares of the exchange traded fund’s stock after purchasing an additional 324,948 shares during the period. Cibc World Market Inc. owned approximately 0.11% of Invesco QQQ worth $350,764,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC increased its stake in Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares during the period. Toronto Dominion Bank boosted its stake 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 purchasing an additional 488,815 shares during the period. CHURCHILL MANAGEMENT Corp boosted its position in shares of Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after acquiring an additional 13,772 shares in the last quarter. Stifel Financial Corp increased its holdings in Invesco QQQ by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock worth $425,324,000 after purchasing an additional 2,572 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Invesco QQQ by 2.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 849,259 shares of the exchange traded fund’s stock valued at $414,429,000 after purchasing an additional 18,833 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.4 %

Shares of NASDAQ:QQQ opened at $523.05 on Friday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The business’s 50 day moving average is $518.86 and its 200 day moving average is $493.75.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.