Tounjian Advisory Partners LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 532 shares of the exchange traded fund's stock, valued at approximately $250,000.
A number of other large investors have also made changes to their positions in the stock. PayPay Securities Corp lifted its position in shares of 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 acquired a new stake in shares of Invesco QQQ in 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 $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ during the 4th quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded down $1.80 during mid-day trading on Wednesday, hitting $532.41. 53,362,792 shares of the stock were exchanged, compared to its average volume of 38,250,616. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The stock's fifty day simple moving average is $485.97 and its two-hundred day simple moving average is $502.25. The company has a market cap of $333.63 billion, a P/E ratio of 32.66 and a beta of 1.11.
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 given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
Invesco QQQ Company Profile
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Free Report)
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.
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