RiverFront Investment Group LLC Raises Position in Invesco QQQ (NASDAQ:QQQ)

RiverFront Investment Group LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,749 shares of the exchange traded fund’s stock after acquiring an additional 8,946 shares during the quarter. Invesco QQQ comprises approximately 1.3% of RiverFront Investment Group LLC’s portfolio, making the stock its 25th biggest holding. RiverFront Investment Group LLC’s holdings in Invesco QQQ were worth $42,487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC raised its holdings in Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Invesco QQQ by 1.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after purchasing an additional 52,019 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Invesco QQQ by 5.2% in the third quarter. Commonwealth Equity Services LLC now owns 2,312,133 shares of the exchange traded fund’s stock worth $828,368,000 after purchasing an additional 114,095 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Invesco QQQ by 2.4% in the third 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 during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.5 %

Shares of Invesco QQQ stock traded up $6.55 during trading on Friday, hitting $431.00. The stock had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. Invesco QQQ has a 12 month low of $315.05 and a 12 month high of $449.34. The business’s 50-day moving average is $436.88 and its 200 day moving average is $410.40.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.53%.

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.