Sonora Investment Management Group LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,051 shares of the exchange traded fund's stock after acquiring an additional 943 shares during the quarter. Sonora Investment Management Group LLC's holdings in Invesco QQQ were worth $2,837,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 276.9% during the fourth 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 acquired a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Down 1.3%
QQQ stock traded down $6.70 during midday trading on Friday, reaching $526.96. The stock had a trading volume of 55,743,632 shares, compared to its average volume of 38,369,787. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The company's fifty day simple moving average is $490.36 and its 200 day simple moving average is $502.64. The company has a market cap of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.
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 given 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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