Daymark Wealth Partners LLC Has $9.33 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Daymark Wealth Partners LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,890 shares of the exchange traded fund's stock after buying an additional 1,087 shares during the period. Daymark Wealth Partners LLC's holdings in Invesco QQQ were worth $9,327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. PayPay Securities Corp lifted its stake 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 bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at about $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ during the fourth quarter worth about $37,000. Finally, Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the fourth quarter worth about $51,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.1%

NASDAQ:QQQ traded up $0.78 on Monday, hitting $530.70. The company's stock had a trading volume of 33,460,220 shares, compared to its average volume of 38,043,835. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The firm has a market capitalization of $332.56 billion, a P/E ratio of 32.66 and a beta of 1.11. The stock has a fifty day moving average of $483.20 and a two-hundred day moving average of $501.85.

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 dividend of $0.7157 per share. 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.