Main Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,623 shares of the exchange traded fund's stock after purchasing an additional 3,527 shares during the quarter. Invesco QQQ comprises about 7.1% of Main Management LLC's investment portfolio, making the stock its 4th biggest position. Main Management LLC's holdings in Invesco QQQ were worth $87,227,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. PayPay Securities Corp raised its position in shares of 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 buying an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth about $36,000. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ in the 4th quarter worth about $37,000. Finally, Hoese & Co LLP lifted its stake 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 valued at $42,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of NASDAQ:QQQ traded up $2.26 during trading on Friday, reaching $521.51. 47,717,535 shares of the stock were exchanged, compared to its average volume of 36,809,600. The firm's 50-day moving average price is $469.91 and its 200 day moving average price is $499.86. The firm has a market cap of $326.80 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.
Invesco QQQ Cuts Dividend
The firm also recently declared 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.
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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