Lakeshore Capital Group Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,884 shares of the exchange traded fund's stock, valued at approximately $6,076,000. Invesco QQQ accounts for 9.2% of Lakeshore Capital Group Inc.'s portfolio, making the stock its biggest holding.
Several other hedge funds also recently modified their holdings of the business. PayPay Securities Corp lifted its position 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 worth $25,000 after acquiring an additional 36 shares during the period. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the fourth quarter worth $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ in the fourth quarter worth $37,000. Finally, Midwest Capital Advisors LLC bought a new position in Invesco QQQ in the fourth quarter worth $51,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Performance
Shares of NASDAQ:QQQ traded up $1.54 during midday trading on Thursday, reaching $520.45. 35,833,216 shares of the company's stock were exchanged, compared to its average volume of 37,484,753. The company's 50 day simple moving average is $477.01 and its two-hundred day simple moving average is $501.03. The firm has a market capitalization of $326.14 billion, a PE ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.
Invesco QQQ Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders 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.
Invesco QQQ Profile
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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.
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