DSG Capital Advisors LLC Invests $7.09 Million in Invesco QQQ (NASDAQ:QQQ)

DSG Capital Advisors LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,862 shares of the exchange traded fund's stock, valued at approximately $7,087,000. Invesco QQQ comprises about 1.3% of DSG Capital Advisors LLC's holdings, making the stock its 22nd largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PayPay Securities Corp increased its position in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the 4th quarter valued at approximately $36,000. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $51,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $3.24 during mid-day trading on Friday, hitting $516.69. 67,585,697 shares of the stock traded hands, compared to its average volume of 37,748,895. The stock has a fifty day moving average price of $478.06 and a 200-day moving average price of $501.10. The company has a market cap of $323.78 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Investors 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.