Safeguard Investment Advisory Group LLC Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Safeguard Investment Advisory Group LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,380 shares of the exchange traded fund's stock after acquiring an additional 1,429 shares during the quarter. Invesco QQQ accounts for approximately 12.5% of Safeguard Investment Advisory Group LLC's holdings, making the stock its 3rd biggest holding. Safeguard Investment Advisory Group LLC's holdings in Invesco QQQ were worth $45,699,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. PayPay Securities Corp boosted its position in Invesco QQQ by 276.9% during the 4th 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 period. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $37,000. Finally, Hoese & Co LLP grew its stake in shares of 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. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $4.79 during mid-day trading on Wednesday, reaching $515.49. 41,357,694 shares of the company's stock traded hands, compared to its average volume of 36,977,690. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a 50 day moving average price of $472.85 and a 200-day moving average price of $500.53. The firm has a market capitalization of $323.03 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm 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.