Smith Shellnut Wilson LLC ADV Grows Stake in Invesco QQQ (NASDAQ:QQQ)

Smith Shellnut Wilson LLC ADV raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,842 shares of the exchange traded fund's stock after acquiring an additional 1,162 shares during the period. Invesco QQQ makes up about 5.8% of Smith Shellnut Wilson LLC ADV's portfolio, making the stock its 3rd biggest holding. Smith Shellnut Wilson LLC ADV's holdings in Invesco QQQ were worth $13,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PayPay Securities Corp raised 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 purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter worth $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $51,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $1.02 on Thursday, reaching $519.93. The company had a trading volume of 58,417,786 shares, compared to its average volume of 44,913,426. The firm has a market cap of $325.81 billion, a price-to-earnings ratio of 30.62 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 business has a 50 day moving average of $477.01 and a two-hundred day moving average of $501.03.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.