Gruss & Co. LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the exchange traded fund's stock after purchasing an additional 1,500 shares during the quarter. Invesco QQQ comprises about 6.5% of Gruss & Co. LLC's investment portfolio, making the stock its 6th largest position. Gruss & Co. LLC's holdings in Invesco QQQ were worth $1,534,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. PayPay Securities Corp raised its stake in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at $37,000. Hoese & Co LLP raised its stake in shares of Invesco QQQ by 32.3% in the fourth 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 period. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the 4th quarter worth about $51,000. Finally, Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Up 1.3 %
QQQ stock traded up $6.46 during trading on Wednesday, hitting $502.01. The company had a trading volume of 46,128,295 shares, compared to its average volume of 34,910,403. The firm has a market capitalization of $316.39 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The company has a 50 day simple moving average of $520.28 and a 200-day simple moving average of $503.86.
Invesco QQQ Announces Dividend
The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
Invesco QQQ Company 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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