Amplius Wealth Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,518 shares of the exchange traded fund's stock after acquiring an additional 1,751 shares during the period. Invesco QQQ comprises approximately 3.4% of Amplius Wealth Advisors LLC's holdings, making the stock its 7th largest position. Amplius Wealth Advisors LLC's holdings in Invesco QQQ were worth $33,067,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the company. PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the 4th quarter worth approximately $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at $37,000. Finally, Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at $51,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
Shares of QQQ stock traded down $3.98 on Thursday, reaching $524.79. The stock had a trading volume of 60,873,940 shares, compared to its average volume of 37,913,823. The stock has a market cap of $337.36 billion, a P/E ratio of 32.66 and a beta of 1.18. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company has a 50 day simple moving average of $480.94 and a 200 day simple moving average of $501.53.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend 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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