Oxford Wealth Group LLC Buys 17,204 Shares of Invesco QQQ (NASDAQ:QQQ)

Oxford Wealth Group LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 233.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,562 shares of the exchange traded fund's stock after acquiring an additional 17,204 shares during the period. Invesco QQQ makes up 8.1% of Oxford Wealth Group LLC's holdings, making the stock its 3rd biggest holding. Oxford Wealth Group LLC's holdings in Invesco QQQ were worth $12,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. PayPay Securities Corp increased 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 buying an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $35,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $37,000. Hoese & Co LLP raised its holdings 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 in the last quarter. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth $51,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.1 %

NASDAQ:QQQ traded up $5.21 during trading hours on Friday, hitting $472.56. The company's stock had a trading volume of 38,606,996 shares, compared to its average volume of 36,483,903. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock has a market capitalization of $302.39 billion, a P/E ratio of 28.58 and a beta of 1.11. The stock has a fifty day moving average of $475.73 and a 200-day moving average of $500.14.

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 given a dividend of $0.7157 per share. The ex-dividend date of this dividend 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.