Oak Wealth Advisors LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,037 shares of the exchange traded fund's stock, valued at approximately $530,000.
Other hedge funds also recently bought and sold shares of the company. Stephens Consulting LLC grew its position in Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock worth $2,769,000 after acquiring an additional 19 shares in the last quarter. Cardinal Point Capital Management ULC lifted its stake in Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock worth $1,995,000 after purchasing an additional 20 shares during the last quarter. Hoese & Co LLP boosted 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 worth $42,000 after purchasing an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after purchasing an additional 20 shares during the last quarter. Finally, RAM Investment Partners LLC lifted its position in Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after buying an additional 20 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
NASDAQ:QQQ traded up $3.12 during trading hours on Tuesday, reaching $475.53. The company's stock had a trading volume of 30,407,032 shares, compared to its average volume of 36,451,895. The firm has a market capitalization of $301.32 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. The firm has a 50-day simple moving average of $473.06 and a 200-day simple moving average of $499.98. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.
Invesco QQQ Cuts Dividend
The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.
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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