CIBC Asset Management Inc Grows Position in Invesco QQQ (NASDAQ:QQQ)

CIBC Asset Management Inc increased its position in Invesco QQQ (NASDAQ:QQQ) by 85.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,454 shares of the exchange traded fund’s stock after buying an additional 38,452 shares during the quarter. CIBC Asset Management Inc’s holdings in Invesco QQQ were worth $42,664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. 5T Wealth LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $1,338,000. Human Investing LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $272,000. NTV Asset Management LLC raised its holdings in shares of Invesco QQQ by 1.4% during the fourth quarter. NTV Asset Management LLC now owns 82,217 shares of the exchange traded fund’s stock valued at $42,032,000 after acquiring an additional 1,139 shares in the last quarter. Systelligence LLC raised its holdings in shares of Invesco QQQ by 14.4% during the fourth quarter. Systelligence LLC now owns 29,307 shares of the exchange traded fund’s stock valued at $14,983,000 after acquiring an additional 3,683 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its stake in Invesco QQQ by 0.4% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 163,659 shares of the exchange traded fund’s stock worth $83,667,000 after acquiring an additional 646 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $538.15 on Monday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The company’s fifty day simple moving average is $522.38 and its two-hundred day simple moving average is $498.34.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.