Members Wealth LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 973 shares of the exchange traded fund's stock, valued at approximately $514,000.
Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. PayPay Securities Corp raised its stake in Invesco QQQ by 276.9% in 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 stake in shares of Invesco QQQ during the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $36,000. Roxbury Financial LLC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
QQQ stock traded down $3.24 during midday trading on Friday, reaching $516.69. 67,579,622 shares of the company were exchanged, compared to its average volume of 44,959,188. The company has a market cap of $323.78 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The stock's 50-day simple moving average is $477.59 and its 200 day simple moving average is $501.08.
Invesco QQQ Cuts Dividend
The business also recently declared 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 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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