TFR Capital LLC. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

TFR Capital LLC. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,238 shares of the exchange traded fund's stock, valued at approximately $5,745,000. Invesco QQQ accounts for approximately 2.9% of TFR Capital LLC.'s portfolio, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 stake in shares of Invesco QQQ during the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the 4th quarter worth approximately $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ in the 4th quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ stock traded down $2.31 during midday trading on Wednesday, reaching $518.91. 44,971,575 shares of the company's stock traded hands, compared to its average volume of 37,485,008. The firm has a market capitalization of $325.17 billion, a PE ratio of 30.62 and a beta of 1.11. The company has a 50-day moving average price of $476.24 and a two-hundred day moving average price of $500.91. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ Company Profile

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.