Ehrlich Financial Group Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Ehrlich Financial Group boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 57.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,767 shares of the exchange traded fund's stock after acquiring an additional 1,006 shares during the period. Ehrlich Financial Group's holdings in Invesco QQQ were worth $1,298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of QQQ. PayPay Securities Corp raised its holdings 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 buying 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 worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the fourth quarter worth $36,000. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.0%

NASDAQ QQQ opened at $529.92 on Friday. The company has a fifty day simple moving average of $483.20 and a two-hundred day simple moving average of $501.88. The stock has a market cap of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco QQQ

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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