Simplicity Wealth LLC raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 38.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,783 shares of the exchange traded fund's stock after purchasing an additional 2,145 shares during the quarter. Simplicity Wealth LLC's holdings in Invesco QQQ were worth $3,650,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. PayPay Securities Corp raised its stake in shares of Invesco QQQ by 276.9% in 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 during the period. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at 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 and hedge funds.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded down $1.80 on Wednesday, reaching $532.41. The company had a trading volume of 53,362,792 shares, compared to its average volume of 38,250,616. The firm's 50 day moving average price is $485.97 and its two-hundred day moving average price is $502.25. The firm has a market cap of $333.63 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.
Invesco QQQ Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend 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.
Featured Articles
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
