FMB Wealth Management grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 31.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,515 shares of the exchange traded fund's stock after buying an additional 605 shares during the period. FMB Wealth Management's holdings in Invesco QQQ were worth $1,179,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. PayPay Securities Corp grew its position in Invesco QQQ by 276.9% during the fourth 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 stake in shares of Invesco QQQ in the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $36,000. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Down 1.3%
Shares of NASDAQ QQQ traded down $6.70 during trading on Friday, hitting $526.96. The company had a trading volume of 55,743,632 shares, compared to its average volume of 38,429,078. The stock has a fifty day simple moving average of $492.58 and a two-hundred day simple moving average of $502.75. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The firm has a market capitalization of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
Invesco QQQ Company Profile
(
Free Report)
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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