Baskin Financial Services Inc. Grows Holdings in Invesco QQQ (NASDAQ:QQQ)

Baskin Financial Services Inc. increased its position in Invesco QQQ (NASDAQ:QQQFree Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,280 shares of the exchange traded fund’s stock after acquiring an additional 55 shares during the quarter. Baskin Financial Services Inc.’s holdings in Invesco QQQ were worth $934,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC boosted its stake in Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after purchasing an additional 43,463,232 shares during the period. Morgan Stanley boosted its stake in Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after purchasing an additional 1,533,114 shares during the period. Barclays PLC boosted its position in shares of Invesco QQQ by 113.5% during the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after acquiring an additional 48,423,350 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Invesco QQQ by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after acquiring an additional 52,019 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.9 %

Shares of NASDAQ QQQ traded down $3.84 during midday trading on Tuesday, reaching $441.11. 44,054,931 shares of the stock traded hands, compared to its average volume of 44,876,992. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34. The company’s 50 day moving average is $435.38 and its 200 day moving average is $401.29.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

Invesco QQQ Company Profile

(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

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

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