CIBC Private Wealth Group LLC Has $70.42 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

CIBC Private Wealth Group LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 136,665 shares of the exchange traded fund's stock after acquiring an additional 1,182 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Invesco QQQ were worth $70,420,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Stephens Consulting LLC grew its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock worth $2,769,000 after buying an additional 19 shares during the period. Cardinal Point Capital Management ULC boosted its stake in Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock valued at $1,995,000 after acquiring an additional 20 shares during the last quarter. Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after acquiring an additional 20 shares during the period. Farmers & Merchants Investments Inc. raised its position in shares of Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after acquiring an additional 20 shares during the last quarter. Finally, RAM Investment Partners LLC lifted its stake in shares of Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

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Invesco QQQ Trading Up 0.8 %

Shares of NASDAQ:QQQ traded up $3.78 during mid-day trading on Tuesday, reaching $472.70. The stock had a trading volume of 40,849,782 shares, compared to its average volume of 35,162,767. The firm has a 50 day simple moving average of $507.38 and a two-hundred day simple moving average of $505.32. The firm has a market cap of $299.86 billion, a PE ratio of 30.05 and a beta of 1.18. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.