Mmbg Investment Advisors CO. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,250 shares of the exchange traded fund's stock after selling 1,758 shares during the period. Invesco QQQ accounts for about 0.9% of Mmbg Investment Advisors CO.'s holdings, making the stock its 24th largest holding. Mmbg Investment Advisors CO.'s holdings in Invesco QQQ were worth $8,307,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. PayPay Securities Corp increased 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 valued at $25,000 after acquiring an additional 36 shares during the period. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $36,000. Roxbury Financial LLC purchased a new position in Invesco QQQ in the 4th quarter valued at $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 valued at $42,000 after buying an additional 20 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock opened at $488.05 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a market cap of $305.84 billion, a P/E ratio of 28.58 and a beta of 1.11. The firm has a fifty day moving average of $467.78 and a two-hundred day moving average of $499.36.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 30th. Investors 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.
About Invesco QQQ
(
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.
Further Reading
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