Miracle Mile Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 387,977 shares of the exchange traded fund's stock after buying an additional 2,429 shares during the period. Invesco QQQ makes up approximately 3.6% of Miracle Mile Advisors LLC's portfolio, making the stock its 4th largest position. Miracle Mile Advisors LLC owned about 0.06% of Invesco QQQ worth $181,930,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. PayPay Securities Corp increased its holdings in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Trading Up 1.0%
Invesco QQQ stock traded up $5.13 during trading on Friday, hitting $529.92. The company had a trading volume of 42,389,151 shares, compared to its average volume of 38,061,714. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The company's 50 day simple moving average is $483.20 and its 200-day simple moving average is $501.87. The stock has a market cap of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued 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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