Gratus Wealth Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,052 shares of the exchange traded fund's stock after purchasing an additional 810 shares during the period. Invesco QQQ comprises approximately 5.6% of Gratus Wealth Advisors LLC's portfolio, making the stock its 3rd largest position. Gratus Wealth Advisors LLC's holdings in Invesco QQQ were worth $34,790,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. PayPay Securities Corp raised its stake in 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 in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at about $37,000. Hoese & Co LLP boosted its position in shares of 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 during the period. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ during the 4th quarter worth approximately $51,000. Finally, Perritt Capital Management Inc acquired a new position in Invesco QQQ during the fourth quarter worth approximately $61,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
NASDAQ QQQ traded down $11.55 on Monday, reaching $432.55. The stock had a trading volume of 13,431,001 shares, compared to its average volume of 36,389,040. The stock has a market cap of $276.25 billion, a P/E ratio of 28.58 and a beta of 1.18. The business's 50-day moving average price is $482.54 and its 200 day moving average price is $501.33. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.
Invesco QQQ Cuts Dividend
The firm 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.
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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