Snider Financial Group purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,329 shares of the exchange traded fund's stock, valued at approximately $623,000.
A number of other hedge funds have also bought and sold shares of the business. PayPay Securities Corp lifted 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 purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter valued at $36,000. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the 4th quarter worth about $51,000. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock opened at $524.79 on Friday. The stock has a market capitalization of $328.86 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock's 50-day simple moving average is $482.06 and its 200 day simple moving average is $501.70.
Invesco QQQ Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.
Invesco QQQ Profile
(
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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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