18,870 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Lighthouse Financial LLC

Lighthouse Financial LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 18,870 shares of the exchange traded fund's stock, valued at approximately $9,647,000. Invesco QQQ makes up about 7.8% of Lighthouse Financial LLC's investment portfolio, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. PayPay Securities Corp lifted its position 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 acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $51,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded down $3.24 during midday trading on Friday, reaching $516.69. 67,585,697 shares of the stock traded hands, compared to its average volume of 37,748,895. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The business has a 50-day moving average of $478.06 and a two-hundred day moving average of $501.10. The stock has a market capitalization of $323.78 billion, a PE ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued 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.