Clare Market Investments LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,767 shares of the exchange traded fund's stock after buying an additional 1,929 shares during the period. Invesco QQQ makes up approximately 2.2% of Clare Market Investments LLC's holdings, making the stock its 10th largest position. Clare Market Investments LLC's holdings in Invesco QQQ were worth $8,332,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PayPay Securities Corp raised its position in Invesco QQQ by 276.9% during the 4th 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 acquired a new stake in Invesco QQQ in the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the fourth quarter valued at about $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of QQQ stock traded up $5.13 during trading hours on Friday, reaching $529.92. 42,389,151 shares of the company's stock were exchanged, compared to its average volume of 37,947,429. The company's 50 day moving average is $482.06 and its two-hundred day moving average is $501.70. The company 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 1 year low of $402.39 and a 1 year high of $540.81.
Invesco QQQ Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
About Invesco QQQ
(
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.
See Also
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
