Bison Wealth LLC lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,524 shares of the exchange traded fund's stock after selling 1,617 shares during the quarter. Invesco QQQ makes up approximately 3.0% of Bison Wealth LLC's portfolio, making the stock its 4th biggest position. Bison Wealth LLC's holdings in Invesco QQQ were worth $13,560,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $37,000. Finally, Hoese & Co LLP increased its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after buying an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Price Performance
QQQ traded up $7.15 on Friday, hitting $488.83. The company had a trading volume of 39,139,209 shares, compared to its average volume of 36,440,235. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock has a fifty day simple moving average of $470.05 and a 200-day simple moving average of $499.54. The firm has a market capitalization of $306.33 billion, a P/E ratio of 28.58 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
Invesco QQQ Company 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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