Fluent Financial LLC Raises Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Fluent Financial LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 80.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,998 shares of the exchange traded fund's stock after buying an additional 9,838 shares during the quarter. Invesco QQQ comprises 4.5% of Fluent Financial LLC's portfolio, making the stock its 5th biggest holding. Fluent Financial LLC's holdings in Invesco QQQ were worth $10,315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PayPay Securities Corp increased its stake 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 valued at $25,000 after buying an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the fourth quarter valued at about $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the fourth quarter worth about $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in 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 Stock Performance

Invesco QQQ stock traded up $5.13 during trading hours on Friday, reaching $529.92. 42,389,151 shares of the company's stock traded hands, compared to its average volume of 37,947,431. The firm has a market capitalization of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The firm's 50 day moving average is $482.06 and its 200-day moving average is $501.70.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date 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.