Gotham Asset Management LLC Buys 677 Shares of Invesco QQQ (NASDAQ:QQQ)

Gotham Asset Management LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,827 shares of the exchange traded fund's stock after purchasing an additional 677 shares during the period. Gotham Asset Management LLC's holdings in Invesco QQQ were worth $4,001,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PayPay Securities Corp lifted its position in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the 4th quarter valued at $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the 4th quarter worth $37,000. Finally, Hoese & Co LLP grew its position in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.4%

NASDAQ QQQ traded up $2.26 during midday trading on Friday, hitting $521.51. The company had a trading volume of 47,717,535 shares, compared to its average volume of 36,808,704. The stock has a market cap of $326.80 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The firm has a fifty day simple moving average of $470.91 and a two-hundred day simple moving average of $500.01. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders 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 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.