Investment Management Corp VA ADV Invests $529,000 in Invesco QQQ (NASDAQ:QQQ)

Investment Management Corp VA ADV purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,034 shares of the exchange traded fund's stock, valued at approximately $529,000. Invesco QQQ makes up approximately 0.5% of Investment Management Corp VA ADV's portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. PayPay Securities Corp raised its holdings 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 buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ during the 4th quarter valued at about $36,000. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the 4th quarter worth approximately $51,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.2%

Shares of Invesco QQQ stock opened at $514.00 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The stock has a 50 day moving average price of $474.14 and a two-hundred day moving average price of $500.80. The stock has a market capitalization of $322.10 billion, a P/E ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

Invesco QQQ 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.

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