Cambridge Investment Research Advisors Inc. grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,328,813 shares of the exchange traded fund's stock after buying an additional 50,738 shares during the quarter. Invesco QQQ makes up about 2.3% of Cambridge Investment Research Advisors Inc.'s investment portfolio, making the stock its 4th largest holding. Cambridge Investment Research Advisors Inc. owned approximately 0.21% of Invesco QQQ worth $679,329,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% during the 4th 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 in the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter worth $36,000. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth $37,000. Finally, Hoese & Co LLP raised its stake in shares of Invesco QQQ by 32.3% in the fourth 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 Performance
Shares of QQQ stock traded up $4.99 on Thursday, reaching $488.29. The stock had a trading volume of 39,371,811 shares, compared to its average volume of 36,466,234. The stock has a market cap of $305.99 billion, a P/E ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company has a 50 day simple moving average of $468.11 and a 200 day simple moving average of $499.34.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
Invesco QQQ Profile
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Free Report)
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.
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