Fiera Capital Corp Purchases 17,845 Shares of Invesco QQQ (NASDAQ:QQQ)

Fiera Capital Corp raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 695,543 shares of the exchange traded fund’s stock after acquiring an additional 17,845 shares during the quarter. Invesco QQQ accounts for approximately 1.0% of Fiera Capital Corp’s investment portfolio, making the stock its 29th largest holding. Fiera Capital Corp’s holdings in Invesco QQQ were worth $339,474,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the first quarter worth $28,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $40,000. CGC Financial Services LLC grew its holdings in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $0.06 during mid-day trading on Friday, reaching $513.60. The stock had a trading volume of 7,833,279 shares, compared to its average volume of 38,352,340. The company has a 50-day moving average price of $483.00 and a two-hundred day moving average price of $470.34. Invesco QQQ has a one year low of $369.57 and a one year high of $514.33.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, September 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.