Sovereign Financial Group Inc. Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Sovereign Financial Group Inc. grew its stake in Invesco QQQ (NASDAQ:QQQ) by 1.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,195 shares of the exchange traded fund’s stock after buying an additional 557 shares during the quarter. Invesco QQQ makes up approximately 4.1% of Sovereign Financial Group Inc.’s portfolio, making the stock its 5th largest holding. Sovereign Financial Group Inc.’s holdings in Invesco QQQ were worth $17,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares during the period. Ameriprise Financial Inc. raised its position in shares of Invesco QQQ by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after purchasing an additional 338,494 shares during the period. Toronto Dominion Bank lifted its stake in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco QQQ by 1.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock worth $1,532,904,000 after buying an additional 33,790 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in Invesco QQQ by 1.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,800,000 shares of the exchange traded fund’s stock valued at $862,398,000 after buying an additional 20,000 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $505.08 on Wednesday. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15. The firm has a fifty day moving average price of $515.57 and a two-hundred day moving average price of $491.47.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given 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.