Axis Wealth Partners LLC Acquires Shares of 1,851 Invesco QQQ (NASDAQ:QQQ)

Axis Wealth Partners LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,851 shares of the exchange traded fund's stock, valued at approximately $946,000.

Several other large investors also recently added to or reduced their stakes in the company. PayPay Securities Corp grew 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 valued at $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $37,000. Hoese & Co LLP boosted its position 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 valued at $42,000 after acquiring an additional 20 shares during the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $51,000. Finally, Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.7 %

Shares of QQQ traded up $3.59 during trading hours on Friday, reaching $491.79. 54,649,747 shares of the company's stock traded hands, compared to its average volume of 34,845,187. The stock has a market cap of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11. The firm's 50 day simple moving average is $518.84 and its 200-day simple moving average is $504.14. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81.

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Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.