Florida Financial Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,402 shares of the exchange traded fund's stock after buying an additional 1,766 shares during the quarter. Invesco QQQ comprises 5.1% of Florida Financial Advisors LLC's investment portfolio, making the stock its 3rd biggest holding. Florida Financial Advisors LLC's holdings in Invesco QQQ were worth $11,453,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of QQQ. PayPay Securities Corp lifted its position 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 valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC purchased a new position in Invesco QQQ in the 4th quarter valued at approximately $37,000. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the fourth quarter worth $51,000. Finally, BNP Paribas acquired a new stake in Invesco QQQ in the third quarter valued at $62,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Trading Down 2.6 %
Shares of NASDAQ:QQQ traded down $12.68 during midday trading on Friday, hitting $468.94. 46,247,899 shares of the stock were exchanged, compared to its average volume of 35,068,030. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company has a 50 day moving average price of $508.43 and a 200-day moving average price of $504.77. The stock has a market cap of $295.55 billion, a P/E ratio of 30.74 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders 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.
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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