111 Capital Invests $21.96 Million in Invesco QQQ (NASDAQ:QQQ)

111 Capital bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 42,948 shares of the exchange traded fund's stock, valued at approximately $21,956,000. Invesco QQQ accounts for about 4.6% of 111 Capital's portfolio, making the stock its 2nd largest holding.

A number of other hedge funds have also made changes to their positions in the business. PayPay Securities Corp increased its stake 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 buying an additional 36 shares during the period. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $2.31 during midday trading on Wednesday, reaching $518.91. 44,971,575 shares of the company's stock were exchanged, compared to its average volume of 37,485,085. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock has a market capitalization of $325.17 billion, a PE ratio of 30.62 and a beta of 1.11. The business's fifty day moving average price is $477.01 and its two-hundred day moving average price is $501.03.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued 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.