Invesco QQQ (NASDAQ:QQQ) Shares Purchased by HWG Holdings LP

HWG Holdings LP grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 27.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,183 shares of the exchange traded fund's stock after purchasing an additional 9,414 shares during the quarter. Invesco QQQ makes up approximately 7.2% of HWG Holdings LP's holdings, making the stock its 3rd biggest position. HWG Holdings LP's holdings in Invesco QQQ were worth $22,076,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. PayPay Securities Corp boosted 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 valued at $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $36,000. Roxbury Financial LLC purchased a new position in Invesco QQQ during the fourth quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $51,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $1.59 on Thursday, reaching $520.50. The company had a trading volume of 37,826,033 shares, compared to its average volume of 37,492,609. The firm's 50 day moving average price is $477.01 and its two-hundred day moving average price is $501.03. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The firm has a market cap of $326.17 billion, a PE ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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