Salem Investment Counselors Inc. Boosts Position in Invesco QQQ (NASDAQ:QQQ)

Salem Investment Counselors Inc. lifted its position in Invesco QQQ (NASDAQ:QQQ) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,819 shares of the exchange traded fund’s stock after buying an additional 186 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Invesco QQQ were worth $2,975,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares in the last quarter. Ameriprise Financial Inc. increased 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 worth $2,379,676,000 after purchasing an additional 338,494 shares during the last quarter. Toronto Dominion Bank raised its stake in 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 valued at $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco QQQ by 1.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after purchasing an additional 33,790 shares during the last quarter. 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 worth $862,398,000 after buying an additional 20,000 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $505.56 on Tuesday. The stock’s 50-day simple moving average is $515.32 and its two-hundred day simple moving average is $491.29. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.