Retirement Planning Group LLC NY bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 18,952 shares of the exchange traded fund's stock, valued at approximately $9,689,000. Invesco QQQ accounts for 10.7% of Retirement Planning Group LLC NY's holdings, making the stock its biggest holding.
Several other large investors have also recently made changes to their positions in QQQ. PayPay Securities Corp raised its position in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the 4th quarter valued at about $36,000. Roxbury Financial LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $51,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Performance
NASDAQ:QQQ traded up $11.98 during mid-day trading on Tuesday, hitting $521.22. 46,591,806 shares of the company's stock traded hands, compared to its average volume of 37,401,245. The company has a fifty day moving average of $475.41 and a 200 day moving average of $500.77. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The company has a market capitalization of $326.62 billion, a P/E ratio of 30.62 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend 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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