Grant Private Wealth Management Inc acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,595 shares of the exchange traded fund's stock, valued at approximately $815,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. PayPay Securities Corp boosted its holdings in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP boosted its stake in shares of Invesco QQQ by 32.3% during 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 in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $51,000. Finally, Perritt Capital Management Inc purchased a new position in Invesco QQQ in the 4th quarter valued at approximately $61,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
QQQ stock traded down $25.49 during midday trading on Thursday, hitting $450.66. 69,925,799 shares of the stock were exchanged, compared to its average volume of 35,294,091. The stock's 50-day moving average price is $503.59 and its 200-day moving average price is $504.72. The stock has a market cap of $285.88 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.
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 given a $0.7157 dividend. The ex-dividend date of this dividend 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.
See Also
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
