Logan Stone Capital LLC Makes New $1.39 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Logan Stone Capital LLC bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,711 shares of the exchange traded fund's stock, valued at approximately $1,386,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. PayPay Securities Corp grew its holdings in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the 4th quarter worth $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ in the 4th quarter worth $37,000. Finally, Hoese & Co LLP grew its holdings in 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 acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.6%

Shares of QQQ traded up $3.09 during trading hours on Wednesday, reaching $518.68. 46,863,846 shares of the company traded hands, compared to its average volume of 36,719,434. The company's fifty day moving average price is $468.45 and its two-hundred day moving average price is $499.56. The company has a market capitalization of $324.28 billion, a price-to-earnings ratio of 30.62 and a beta of 1.18. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

Invesco QQQ Profile

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.