Cibc World Market Inc. Has $350.76 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Cibc World Market Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 90.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 686,117 shares of the exchange traded fund's stock after purchasing an additional 324,948 shares during the period. Cibc World Market Inc. owned approximately 0.11% of Invesco QQQ worth $350,764,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. GAMMA Investing LLC grew its position in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after acquiring an additional 11,351 shares during the period. Socha Financial Group LLC grew its holdings in shares of Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock worth $44,732,000 after purchasing an additional 2,171 shares in the last quarter. NRI Wealth Management LC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC raised its stake in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock valued at $15,169,000 after purchasing an additional 3,581 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.1 %

QQQ stock traded down $0.76 during midday trading on Friday, hitting $522.29. The stock had a trading volume of 38,747,058 shares, compared to its average volume of 30,541,316. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The stock has a 50-day simple moving average of $519.55 and a 200 day simple moving average of $494.13.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.