Wilkins Miller Wealth Management LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Wilkins Miller Wealth Management LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,991 shares of the exchange traded fund's stock, valued at approximately $1,018,000. Invesco QQQ comprises 1.1% of Wilkins Miller Wealth Management LLC's holdings, making the stock its 23rd largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. PayPay Securities Corp grew 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 worth $25,000 after buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ stock traded up $11.98 during midday trading on Tuesday, hitting $521.22. The stock had a trading volume of 47,029,049 shares, compared to its average volume of 37,403,242. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm has a market cap of $326.62 billion, a PE ratio of 30.62 and a beta of 1.11. The company's 50-day moving average price is $475.41 and its 200 day moving average price is $500.77.

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 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.