Invesco QQQ $QQQ Shares Purchased by Sovereign Investment Advisors LLC

Sovereign Investment Advisors LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 6,762.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,303 shares of the exchange traded fund’s stock after purchasing an additional 49,570 shares during the period. Invesco QQQ makes up 7.7% of Sovereign Investment Advisors LLC’s holdings, making the stock its 2nd biggest holding. Sovereign Investment Advisors LLC’s holdings in Invesco QQQ were worth $30,902,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QQQ. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco QQQ by 11.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock worth $2,179,321,000 after acquiring an additional 375,581 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Invesco QQQ by 21.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock worth $1,858,288,000 after acquiring an additional 534,000 shares in the last quarter. Analyst IMS Investment Management Services Ltd. grew its holdings in Invesco QQQ by 68.6% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after acquiring an additional 712,026 shares in the last quarter. Bank of Montreal Can grew its holdings in Invesco QQQ by 142.4% during the 4th quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock worth $877,406,000 after acquiring an additional 840,803 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Invesco QQQ by 0.5% during the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock worth $827,346,000 after acquiring an additional 7,378 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 3.1%

NASDAQ QQQ opened at $744.00 on Tuesday. Invesco QQQ has a 52 week low of $523.65 and a 52 week high of $748.65. The firm has a 50 day moving average of $684.09 and a two-hundred day moving average of $636.34.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.4%.

Invesco QQQ 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.