Parkshore Wealth Management Inc. Takes Position in Invesco QQQ (NASDAQ:QQQ)

Parkshore Wealth Management Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,524 shares of the exchange traded fund's stock, valued at approximately $779,000.

Other large investors have also added to or reduced their stakes in the company. PayPay Securities Corp raised its holdings in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter worth $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth $37,000. Finally, Hoese & Co LLP boosted its holdings 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 worth $42,000 after buying an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.0 %

Shares of NASDAQ:QQQ traded down $0.06 during midday trading on Wednesday, reaching $475.47. The company had a trading volume of 45,942,982 shares, compared to its average volume of 36,466,663. The stock has a market cap of $301.28 billion, a P/E ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The company's 50 day moving average price is $471.82 and its 200 day moving average price is $499.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Invesco QQQ Company 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.