Disciplined Investors L.L.C. acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 678 shares of the exchange traded fund's stock, valued at approximately $343,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. PayPay Securities Corp lifted its holdings in shares of 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 acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at about $37,000. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% during 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. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $51,000. Finally, Perritt Capital Management Inc purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $61,000. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
QQQ traded down $25.49 during midday trading on Thursday, hitting $450.66. The stock had a trading volume of 69,925,799 shares, compared to its average volume of 35,294,091. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The business has a fifty day moving average of $503.59 and a 200 day moving average of $504.72. The company has a market cap of $285.88 billion, a P/E ratio of 30.05 and a beta of 1.18.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is Monday, March 24th.
Invesco QQQ Profile
(
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.
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