Truepoint Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 77.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 436 shares of the exchange traded fund's stock after selling 1,487 shares during the quarter. Truepoint Inc.'s holdings in Invesco QQQ were worth $223,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in QQQ. PayPay Securities Corp boosted its stake in 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 buying an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $37,000. Hoese & Co LLP increased its position in 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. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at $51,000. Finally, BNP Paribas bought a new position in Invesco QQQ during the third quarter valued at $62,000. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
Shares of NASDAQ:QQQ traded up $9.82 on Monday, reaching $490.66. The company's stock had a trading volume of 34,375,719 shares, compared to its average volume of 34,903,153. The company has a 50-day simple moving average of $511.00 and a 200 day simple moving average of $504.66. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The company has a market cap of $309.24 billion, a P/E ratio of 30.74 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is 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.
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