Invesco QQQ (NASDAQ:QQQ) Holdings Lifted by Destiny Capital Corp CO

Destiny Capital Corp CO lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 70.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,234 shares of the exchange traded fund's stock after buying an additional 11,695 shares during the period. Invesco QQQ makes up 9.0% of Destiny Capital Corp CO's holdings, making the stock its 4th largest position. Destiny Capital Corp CO's holdings in Invesco QQQ were worth $13,239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PayPay Securities Corp grew its holdings in shares of Invesco QQQ by 276.9% in 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 last quarter. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the fourth quarter valued at $36,000. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at $51,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock traded down $6.70 on Friday, reaching $526.96. 55,743,632 shares of the company's stock traded hands, compared to its average volume of 38,429,078. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a market capitalization of $330.22 billion, a P/E ratio of 32.66 and a beta of 1.11. The business's 50 day moving average price is $492.58 and its two-hundred day moving average price is $502.75.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued 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.