Grantvest Financial Group LLC purchased 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 & Exchange Commission. The institutional investor purchased 2,905 shares of the exchange traded fund's stock, valued at approximately $1,485,000. Invesco QQQ makes up 1.7% of Grantvest Financial Group LLC's investment portfolio, making the stock its 13th biggest holding.
Several other institutional investors and hedge funds also recently modified their holdings of QQQ. PayPay Securities Corp increased its position 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 valued at $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC bought a new position in Invesco QQQ during the fourth quarter valued at about $37,000. Hoese & Co LLP grew its holdings 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 acquiring an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $51,000. Finally, Creative Capital Management Investments LLC grew its position 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 worth $64,000 after buying an additional 111 shares during the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Down 0.6 %
Shares of Invesco QQQ stock traded down $2.76 on Thursday, reaching $481.62. 33,317,909 shares of the company were exchanged, compared to its average volume of 34,861,340. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The firm has a market capitalization of $303.54 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The stock has a fifty day moving average price of $509.49 and a 200-day moving average price of $504.67.
Invesco QQQ Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend 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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