Healthcare of Ontario Pension Plan Trust Fund Purchases 534,000 Shares of Invesco QQQ $QQQ

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 21.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,025,000 shares of the exchange traded fund’s stock after acquiring an additional 534,000 shares during the period. Invesco QQQ makes up approximately 3.1% of Healthcare of Ontario Pension Plan Trust Fund’s portfolio, making the stock its 3rd largest position. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Invesco QQQ were worth $1,858,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. SG Americas Securities LLC grew its position in Invesco QQQ by 120.2% during the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after buying an additional 1,270,102 shares during the period. Bank of Montreal Can raised its stake in shares of Invesco QQQ by 142.4% during the 4th quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock worth $877,406,000 after buying an additional 840,803 shares during the period. Analyst IMS Investment Management Services Ltd. lifted its position in shares of Invesco QQQ by 68.6% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock valued at $1,075,091,000 after buying an additional 712,026 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Invesco QQQ by 1,216.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 561,706 shares of the exchange traded fund’s stock valued at $345,070,000 after buying an additional 519,051 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco QQQ by 11.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock valued at $2,179,321,000 after buying an additional 375,581 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.6%

Shares of NASDAQ:QQQ opened at $721.34 on Friday. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65. The business’s 50 day moving average price is $680.91 and its 200-day moving average price is $635.17.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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