AlTi Global Inc. Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

AlTi Global Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,499 shares of the exchange traded fund's stock after acquiring an additional 4,046 shares during the quarter. AlTi Global Inc.'s holdings in Invesco QQQ were worth $13,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $37,000. Finally, Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.6 %

Shares of QQQ traded down $2.90 during midday trading on Monday, hitting $485.93. 28,208,878 shares of the company's stock traded hands, compared to its average volume of 36,358,868. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The firm's fifty day moving average is $469.56 and its 200-day moving average is $499.64. The stock has a market capitalization of $304.51 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.