Private Client Services LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,342 shares of the exchange traded fund's stock after buying an additional 890 shares during the period. Invesco QQQ accounts for about 1.9% of Private Client Services LLC's portfolio, making the stock its 10th biggest holding. Private Client Services LLC's holdings in Invesco QQQ were worth $3,912,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in QQQ. PayPay Securities Corp raised 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 acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the 4th quarter valued at $36,000. Roxbury Financial LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $51,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trading Down 0.6%
NASDAQ QQQ traded down $3.24 during midday trading on Friday, hitting $516.69. The company had a trading volume of 67,585,697 shares, compared to its average volume of 37,748,895. The company has a market capitalization of $323.78 billion, a PE ratio of 30.62 and a beta of 1.11. The firm has a 50-day moving average price of $478.06 and a 200-day moving average price of $501.10. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.
Invesco QQQ Cuts Dividend
The business also recently disclosed 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.
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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