Heritage Wealth Management Inc. CA Has $1.18 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Heritage Wealth Management Inc. CA boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 350.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,313 shares of the exchange traded fund's stock after acquiring an additional 1,800 shares during the quarter. Heritage Wealth Management Inc. CA's holdings in Invesco QQQ were worth $1,182,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp increased 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 acquired a new position in shares of Invesco QQQ in the fourth quarter valued at $37,000. Hoese & Co LLP raised its position 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 purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $51,000. Finally, BNP Paribas bought a new stake in shares of Invesco QQQ during the 3rd quarter worth about $62,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ traded down $9.39 on Friday, reaching $472.23. The company had a trading volume of 17,978,530 shares, compared to its average volume of 34,799,753. The stock has a market cap of $297.62 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The company's fifty day moving average is $509.49 and its 200 day moving average is $504.67.

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Invesco QQQ Cuts Dividend

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