Mackenzie Financial Corp Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Mackenzie Financial Corp raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% in the 4th quarter, HoldingsChannel reports. The firm owned 122,859 shares of the exchange traded fund’s stock after purchasing an additional 355 shares during the period. Mackenzie Financial Corp’s holdings in Invesco QQQ were worth $50,313,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of QQQ. Friedenthal Financial purchased a new position in shares of Invesco QQQ during the fourth quarter worth approximately $41,000. Bear Mountain Capital Inc. purchased a new position in shares of Invesco QQQ in the fourth quarter worth $42,000. Core Wealth Advisors Inc. increased its stake in shares of Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Invesco QQQ in the second quarter worth $44,000. Finally, Blume Capital Management Inc. increased its stake in shares of Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.0 %

Shares of NASDAQ QQQ opened at $431.10 on Wednesday. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34. The firm’s fifty day moving average is $438.36 and its 200 day moving average is $407.27.

Invesco QQQ Announces Dividend

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

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.