Milestone Asset Management LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 30.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,880 shares of the exchange traded fund's stock after purchasing an additional 1,373 shares during the quarter. Milestone Asset Management LLC's holdings in Invesco QQQ were worth $2,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. PayPay Securities Corp boosted its holdings in shares of Invesco QQQ by 276.9% during the 4th 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 in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the 4th quarter worth approximately $36,000. Roxbury Financial LLC bought a new stake 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. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded up $1.47 during midday trading on Wednesday, hitting $528.77. 41,086,465 shares of the stock traded hands, compared to its average volume of 37,763,301. The firm has a market capitalization of $339.92 billion, a P/E ratio of 32.66 and a beta of 1.18. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The firm has a 50-day moving average of $479.75 and a two-hundred day moving average of $501.34.
Invesco QQQ Cuts Dividend
The company also recently announced 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 Company 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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