Scotia Capital Inc. Acquires 34,878 Shares of Invesco QQQ $QQQ

Scotia Capital Inc. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 42.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,923 shares of the exchange traded fund’s stock after purchasing an additional 34,878 shares during the quarter. Scotia Capital Inc.’s holdings in Invesco QQQ were worth $65,049,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Morgan Dempsey Capital Management LLC acquired a new position in Invesco QQQ during the second quarter worth $30,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ in the second quarter worth about $41,000. Moser Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares in the last quarter. Atlantic Private Wealth LLC increased its holdings in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in shares of Invesco QQQ during the 1st quarter valued at about $70,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $614.27 on Friday. The stock’s 50 day simple moving average is $608.64 and its 200 day simple moving average is $572.00. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were given a $0.694 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.