Ameriflex Group Inc. bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,235 shares of the exchange traded fund's stock, valued at approximately $2,734,000. Invesco QQQ accounts for about 1.2% of Ameriflex Group Inc.'s portfolio, making the stock its 12th largest position.
Other institutional investors have also recently modified their holdings of the company. PayPay Securities Corp lifted its holdings in 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 acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $51,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Up 2.4%
NASDAQ QQQ traded up $11.98 on Tuesday, reaching $521.22. The stock had a trading volume of 47,029,049 shares, compared to its average volume of 37,403,242. The firm has a market capitalization of $326.62 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The stock has a fifty day moving average price of $475.41 and a two-hundred day moving average price of $500.77.
Invesco QQQ Cuts Dividend
The company also recently announced 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 of this dividend was Monday, March 24th.
Invesco QQQ Company Profile
(
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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