Invesco QQQ (NASDAQ:QQQ) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,673 shares of the exchange traded fund’s stock after selling 11,321 shares during the quarter. Mackenzie Financial Corp’s holdings in Invesco QQQ were worth $53,504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. The Manufacturers Life Insurance Company grew its position in Invesco QQQ by 28.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock worth $33,772,000 after purchasing an additional 15,648 shares during the last quarter. Daymark Wealth Partners LLC grew its position in Invesco QQQ by 30.4% in the 2nd quarter. Daymark Wealth Partners LLC now owns 17,239 shares of the exchange traded fund’s stock worth $8,259,000 after purchasing an additional 4,015 shares during the last quarter. Delta Investment Management LLC grew its position in Invesco QQQ by 1.5% in the 2nd quarter. Delta Investment Management LLC now owns 5,037 shares of the exchange traded fund’s stock worth $2,414,000 after purchasing an additional 74 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new position in Invesco QQQ in the 2nd quarter worth about $203,000. Finally, Ameriprise Financial Inc. grew its position in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after purchasing an additional 338,494 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $486.75 on Friday. The company has a 50-day moving average price of $468.10 and a two-hundred day moving average price of $459.96. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Monday, September 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.