Invesco QQQ (NASDAQ:QQQ) Shares Acquired by AdvisorNet Financial Inc

AdvisorNet Financial Inc raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,429 shares of the exchange traded fund's stock after purchasing an additional 1,479 shares during the quarter. Invesco QQQ accounts for 0.8% of AdvisorNet Financial Inc's portfolio, making the stock its 29th largest position. AdvisorNet Financial Inc's holdings in Invesco QQQ were worth $10,518,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. PayPay Securities Corp boosted its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ during the fourth quarter worth approximately $36,000. Roxbury Financial LLC purchased a new position in Invesco QQQ during the fourth quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in Invesco QQQ during the fourth quarter worth approximately $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.2%

Shares of NASDAQ QQQ traded up $1.29 during midday trading on Monday, hitting $520.40. The stock had a trading volume of 25,085,849 shares, compared to its average volume of 44,929,438. The company has a market capitalization of $326.11 billion, a PE ratio of 30.62 and a beta of 1.11. The stock has a 50 day simple moving average of $478.06 and a 200-day simple moving average of $500.97. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

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