Concentrum Wealth Management lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,792 shares of the exchange traded fund's stock after acquiring an additional 875 shares during the quarter. Invesco QQQ accounts for about 3.6% of Concentrum Wealth Management's holdings, making the stock its 4th biggest position. Concentrum Wealth Management's holdings in Invesco QQQ were worth $10,118,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the company. PayPay Securities Corp grew its holdings in shares of 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 in the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP raised 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 acquiring an additional 20 shares during the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $51,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at $61,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Down 3.9 %
Shares of QQQ stock traded down $18.29 during trading hours on Thursday, hitting $447.71. 76,056,291 shares of the company were exchanged, compared to its average volume of 36,827,911. The firm has a fifty day moving average of $493.17 and a 200 day moving average of $502.94. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The firm has a market cap of $283.76 billion, a PE ratio of 30.05 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The business also recently declared 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 of this dividend is Monday, March 24th.
About Invesco QQQ
(
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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