Aptus Capital Advisors LLC Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Aptus Capital Advisors LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,796 shares of the exchange traded fund's stock after acquiring an additional 7,421 shares during the period. Aptus Capital Advisors LLC's holdings in Invesco QQQ were worth $33,637,000 as of its most recent SEC filing.

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

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $2.90 during midday trading on Monday, hitting $485.93. 28,208,878 shares of the company's stock were exchanged, compared to its average volume of 36,358,868. The company has a market cap of $304.51 billion, a P/E ratio of 28.58 and a beta of 1.11. The stock has a 50-day moving average price of $469.56 and a two-hundred day moving average price of $499.64. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.