Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Clear Street Derivatives LLC

Clear Street Derivatives LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 134.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,306 shares of the exchange traded fund's stock after purchasing an additional 49,545 shares during the period. Invesco QQQ accounts for about 0.6% of Clear Street Derivatives LLC's investment portfolio, making the stock its 8th biggest position. Clear Street Derivatives LLC's holdings in Invesco QQQ were worth $44,122,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in QQQ. PayPay Securities Corp lifted its position in Invesco QQQ by 276.9% during 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 during the period. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at about $36,000. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $37,000. Finally, Hoese & Co LLP increased its position 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 buying an additional 20 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 3.8%

QQQ stock traded up $18.44 during trading on Monday, hitting $506.41. The company had a trading volume of 26,426,330 shares, compared to its average volume of 36,479,069. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The firm has a market capitalization of $317.34 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. The business has a 50 day moving average of $467.78 and a 200 day moving average of $499.36.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given 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.