Marshall Financial Group LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 155.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,278 shares of the exchange traded fund's stock after acquiring an additional 17,190 shares during the period. Invesco QQQ makes up 2.9% of Marshall Financial Group LLC's investment portfolio, making the stock its 9th largest holding. Marshall Financial Group LLC's holdings in Invesco QQQ were worth $13,260,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares 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 buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $36,000. Roxbury Financial LLC purchased a new position in Invesco QQQ in the 4th quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at $51,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of QQQ stock traded down $6.70 during mid-day trading on Friday, hitting $526.96. The company's stock had a trading volume of 55,743,632 shares, compared to its average volume of 38,429,078. The stock has a market cap of $330.22 billion, a price-to-earnings 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. The business has a 50-day moving average price of $492.58 and a 200 day moving average price of $502.75.
Invesco QQQ Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date 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.
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