Worth Asset Management LLC Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Worth Asset Management LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 41.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,292 shares of the exchange traded fund's stock after purchasing an additional 970 shares during the quarter. Worth Asset Management LLC's holdings in Invesco QQQ were worth $1,544,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in QQQ. PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 276.9% in 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 period. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter worth $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $51,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock traded up $4.09 during mid-day trading on Tuesday, reaching $527.30. The company had a trading volume of 43,936,073 shares, compared to its average volume of 37,730,491. The company has a market capitalization of $338.97 billion, a PE ratio of 32.66 and a beta of 1.18. The firm has a 50 day moving average of $478.83 and a 200 day moving average of $501.16. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. 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.