AFG Fiduciary Services Limited Partnership Buys 4,700 Shares of Invesco QQQ (NASDAQ:QQQ)

AFG Fiduciary Services Limited Partnership raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 44.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,378 shares of the exchange traded fund's stock after buying an additional 4,700 shares during the quarter. Invesco QQQ comprises 2.2% of AFG Fiduciary Services Limited Partnership's portfolio, making the stock its 4th biggest position. AFG Fiduciary Services Limited Partnership's holdings in Invesco QQQ were worth $7,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. PayPay Securities Corp raised its holdings in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the fourth quarter worth $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the fourth quarter worth $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the fourth quarter worth $51,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ traded up $5.13 during mid-day trading on Friday, hitting $529.92. The stock had a trading volume of 42,389,151 shares, compared to its average volume of 38,011,687. The stock's fifty day simple moving average is $482.06 and its 200-day simple moving average is $501.70. 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 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

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