Allie Family Office LLC Buys 2,385 Shares of Invesco QQQ (NASDAQ:QQQ)

Allie Family Office LLC boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 86.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,149 shares of the exchange traded fund's stock after buying an additional 2,385 shares during the period. Invesco QQQ makes up approximately 1.4% of Allie Family Office LLC's portfolio, making the stock its 16th biggest position. Allie Family Office LLC's holdings in Invesco QQQ were worth $2,632,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp grew its position 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 purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth $37,000. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ in the fourth quarter worth about $51,000. Finally, Creative Capital Management Investments LLC boosted its stake in Invesco QQQ by 740.0% in the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund's stock valued at $64,000 after acquiring an additional 111 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

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Invesco QQQ Trading Down 5.4 %

Shares of QQQ stock traded down $25.49 during trading hours on Thursday, hitting $450.66. 69,925,799 shares of the company were exchanged, compared to its average volume of 35,311,727. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The firm has a fifty day simple moving average of $505.23 and a 200 day simple moving average of $505.09. The stock has a market capitalization of $285.88 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend is 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.