Hippocratic Financial Advisors LLC Buys Shares of 535 Invesco QQQ (NASDAQ:QQQ)

Hippocratic Financial Advisors LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 535 shares of the exchange traded fund's stock, valued at approximately $273,000. Invesco QQQ comprises about 0.2% of Hippocratic Financial Advisors LLC's holdings, making the stock its 20th largest position.

Several other large investors have also made changes to their positions in QQQ. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the 4th quarter worth $37,000. Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% in the 4th 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 in the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $51,000. Finally, BNP Paribas purchased a new stake in shares of Invesco QQQ in the third quarter worth about $62,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.1 %

Shares of QQQ traded down $5.05 during mid-day trading on Monday, reaching $463.89. 22,914,983 shares of the stock traded hands, compared to its average volume of 35,026,895. The stock has a fifty day simple moving average of $508.43 and a 200 day simple moving average of $505.35. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The firm has a market cap of $292.37 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

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Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

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.