Invesco QQQ (NASDAQ:QQQ) Shares Purchased by FWL Investment Management LLC

FWL Investment Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,549 shares of the exchange traded fund's stock after buying an additional 667 shares during the period. Invesco QQQ accounts for about 1.8% of FWL Investment Management LLC's holdings, making the stock its 21st biggest holding. FWL Investment Management LLC's holdings in Invesco QQQ were worth $4,882,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of QQQ. PayPay Securities Corp increased its position in 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 purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ during the fourth quarter worth about $36,000. Roxbury Financial LLC purchased a new position in Invesco QQQ during the fourth quarter worth about $37,000. Finally, Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 3.9%

QQQ stock traded up $18.83 during mid-day trading on Monday, hitting $506.80. 28,066,743 shares of the company were exchanged, compared to its average volume of 36,482,065. The firm has a market capitalization of $317.59 billion, a P/E ratio of 28.58 and a beta of 1.11. The business has a fifty day simple moving average of $467.78 and a 200-day simple moving average of $499.36. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.