iA Global Asset Management Inc. Has $100 Million Position in Invesco QQQ $QQQ

iA Global Asset Management Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,270 shares of the exchange traded fund’s stock after buying an additional 2,149 shares during the quarter. Invesco QQQ comprises approximately 1.5% of iA Global Asset Management Inc.’s investment portfolio, making the stock its 13th biggest position. iA Global Asset Management Inc.’s holdings in Invesco QQQ were worth $99,996,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. GSG Advisors LLC raised its position in Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after purchasing an additional 585 shares during the last quarter. Amundi raised its position in shares of Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after acquiring an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC raised its position in shares of Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock worth $9,428,000 after acquiring an additional 1,586 shares in the last quarter. Greykasell Wealth Strategies Inc. raised its position in shares of Invesco QQQ by 8.4% in the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after acquiring an additional 605 shares in the last quarter. Finally, AM Investment Strategies LLC raised its position in shares of Invesco QQQ by 46.5% in the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after acquiring an additional 612 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $629.07 on Friday. The stock has a 50-day moving average price of $596.70 and a 200-day moving average price of $553.82. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%.

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.