Buska Wealth Management LLC Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Buska Wealth Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,282 shares of the exchange traded fund's stock after purchasing an additional 1,247 shares during the period. Invesco QQQ makes up approximately 5.1% of Buska Wealth Management LLC's holdings, making the stock its 5th biggest position. Buska Wealth Management LLC's holdings in Invesco QQQ were worth $15,993,000 as of its most recent SEC filing.

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

Invesco QQQ Trading Up 0.2%

Shares of Invesco QQQ stock traded up $1.02 during mid-day trading on Thursday, reaching $519.93. 58,417,786 shares of the stock were exchanged, compared to its average volume of 44,913,426. The company has a market cap of $325.81 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The firm has a 50-day simple moving average of $477.01 and a 200 day simple moving average of $501.03. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The business 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 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.