Georgetown University Has $94.17 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Georgetown University boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,204 shares of the exchange traded fund's stock after acquiring an additional 549 shares during the period. Invesco QQQ accounts for 27.7% of Georgetown University's investment portfolio, making the stock its largest holding. Georgetown University's holdings in Invesco QQQ were worth $94,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. PayPay Securities Corp boosted its holdings in shares of Invesco QQQ by 276.9% during 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 bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth $37,000. Finally, Hoese & Co LLP lifted its holdings in shares of 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 in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 4.1%

Shares of QQQ traded up $19.88 during trading hours on Monday, reaching $507.85. The stock had a trading volume of 44,875,626 shares, compared to its average volume of 36,547,797. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The firm has a 50-day simple moving average of $467.78 and a 200 day simple moving average of $499.36. The company has a market capitalization of $318.24 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.