Fairfield Financial Advisors LTD trimmed its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,051 shares of the exchange traded fund's stock after selling 916 shares during the period. Invesco QQQ comprises about 9.7% of Fairfield Financial Advisors LTD's portfolio, making the stock its largest holding. Fairfield Financial Advisors LTD's holdings in Invesco QQQ were worth $27,632,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp boosted its holdings 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 worth $25,000 after purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% during the 4th 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 shares of Invesco QQQ during the 4th quarter worth approximately $51,000. Finally, Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after purchasing an additional 45 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Up 0.7 %
Shares of Invesco QQQ stock traded up $3.59 on Friday, hitting $491.79. 54,649,747 shares of the company were exchanged, compared to its average volume of 34,845,187. The stock has a market capitalization of $309.95 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The company has a 50-day moving average price of $518.84 and a 200 day moving average price of $503.99. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.
Invesco QQQ Dividend Announcement
The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.
Invesco QQQ Profile
(
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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