Desjardins Global Asset Management Inc. Decreases Holdings in Invesco QQQ (NASDAQ:QQQ)

Desjardins Global Asset Management Inc. cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.2% in the 4th quarter, HoldingsChannel reports. The firm owned 24,515 shares of the exchange traded fund’s stock after selling 1,890 shares during the quarter. Invesco QQQ accounts for approximately 1.1% of Desjardins Global Asset Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Desjardins Global Asset Management Inc.’s holdings in Invesco QQQ were worth $10,038,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Friedenthal Financial purchased a new stake in Invesco QQQ in the 4th quarter worth about $41,000. Bear Mountain Capital Inc. purchased a new stake in Invesco QQQ in the 4th quarter worth about $42,000. Core Wealth Advisors Inc. increased its holdings in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Invesco QQQ in the 2nd quarter worth about $44,000. Finally, Blume Capital Management Inc. grew its holdings in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 3,500 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.3 %

Shares of QQQ traded up $1.37 during midday trading on Tuesday, hitting $432.43. 38,953,966 shares of the company traded hands, compared to its average volume of 45,326,324. The stock has a 50-day moving average of $438.29 and a 200-day moving average of $406.76. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34.

Invesco QQQ Dividend Announcement

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