Cantor Fitzgerald Investment Advisors L.P. Takes Position in Invesco QQQ (NASDAQ:QQQ)

Cantor Fitzgerald Investment Advisors L.P. acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 70,486 shares of the exchange traded fund’s stock, valued at approximately $28,865,000. Invesco QQQ comprises 2.2% of Cantor Fitzgerald Investment Advisors L.P.’s portfolio, making the stock its 7th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in Invesco QQQ by 40,957.3% during the fourth 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 purchasing an additional 28,263,426 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Invesco QQQ by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after buying an additional 52,019 shares during the last quarter. Ameriprise Financial Inc. grew 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 acquiring an additional 243,305 shares during the period. Commonwealth Equity Services LLC increased its position in Invesco QQQ by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after acquiring an additional 162,691 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in 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 valued at $663,516,000 after acquiring an additional 43,000 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.9 %

NASDAQ:QQQ traded up $4.29 on Friday, hitting $457.95. The stock had a trading volume of 29,669,461 shares, compared to its average volume of 33,694,408. The business’s 50-day simple moving average is $439.25 and its two-hundred day simple moving average is $422.38. Invesco QQQ has a 52-week low of $336.67 and a 52-week high of $460.58.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, March 18th.

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.