Hazlett Burt & Watson Inc. increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,561 shares of the exchange traded fund's stock after purchasing an additional 649 shares during the quarter. Invesco QQQ accounts for 4.9% of Hazlett Burt & Watson Inc.'s portfolio, making the stock its 2nd largest position. Hazlett Burt & Watson Inc.'s holdings in Invesco QQQ were worth $11,050,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. PayPay Securities Corp raised its stake in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $37,000. Hoese & Co LLP lifted its stake 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 acquired a new position in Invesco QQQ in the fourth quarter worth $51,000. Finally, Creative Capital Management Investments LLC increased its stake in Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund's stock valued at $64,000 after purchasing an additional 111 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded up $3.78 during trading hours on Tuesday, reaching $472.70. The company's stock had a trading volume of 40,849,782 shares, compared to its average volume of 35,162,944. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The company's 50 day simple moving average is $507.38 and its 200 day simple moving average is $505.32. The stock has a market cap of $299.86 billion, a P/E ratio of 30.05 and a beta of 1.18.
Invesco QQQ Cuts Dividend
The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.
Invesco QQQ Company Profile
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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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